What is meant by a progressive tax?
A regressive tax?
A pro - portional tax?
Comment on the progressivity or regressivity of each of the following taxes, indicating in each case where you think the tax incidence lies:
(a) the Federal personal in - come tax
(b) a 4 percent state general sales tax
(c) a Federal excise tax on automobile tires
(d) a municipal property tax on real estate
(e) the Federal corporate income tax
(f) the portion of the payroll tax levied on employers
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