which of the following taxes is most likely to be regressive /
personal income tax
corporate income tax
estate tax
general sales tax
Answer
general sales tax
This kind of tax is generally applied uniformly to all situations, regardless of the payer and decreases as the amount that is subject to taxation increases and one of the examples is payroll tax and sales tax
Explanation
Specifically, the general sales tax is considered to be regressive because they take a larger percentage of income from low-income taxpayers than from high-income taxpayers. Additionally, to make such taxes less regressive, many states exempt basic necessities such as food from the sales tax and we basically classify a tax as regressive by the fact that the tax rate decreases as the amount subject to taxation increases.
