Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
Sagot :
Regressive taxation, business subsidies, Medicaid, and food stamps are all examples of income redistribution policies because they shift income from one class of recipients to another.
A regressive tax is one where the common tax burden decreases with earnings. Low-income taxpayers pay a disproportionate percentage of the tax burden, even as center- and high-income taxpayers shoulder a particularly small tax burden.
Consequently, the chief examples of specific regressive taxes are those on goods whose intake society needs to discourage, inclusive of tobacco, fuel, and alcohol. These are regularly referred to as “sin taxes.” most economists agree that the regressivity or progressivity of any specific tax is of teen monetary importance.
A revolutionary tax is characterized via a more than proportional upward thrust inside the tax legal responsibility relative to the growth in income, and a regressive tax is characterized with the aid of a less than the proportional rise within the relative burden.
Learn more about regressive tax here: https://brainly.com/question/21404149
#SPJ4
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.
