Question

Which of the following are progressive taxes? Select all that apply.
A. amusement tax
B. estate tax
C. income tax
D. luxury tax
E. property tax
F. sales tax

Answer 1

Answer:

B. estate tax

C. income tax

D. luxury tax

E, property tax

Explanation:

Progressive taxes are those that increase according to the value being taxed. For example, income taxes increase according to the purchasing power of the individual, high-income individuals pay higher rates than those with low-income, to facilitate the burden of taxes on families with little purchasing power.

Answer 2

Answer:

b. estate tax & c. income tax