Politics

Question

What is one major similarity between property tax and sales tax?

• A. Both are types of regressive taxes.

B. Both are based on taxable income.

• C. Both are based on gross income.

D. Both are types of tax assessment.

Answer

A. Both are types of regressive taxes.

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Property tax and sales tax are both types of regressive taxes, meaning that they take a larger percentage of income from lower-income households than from higher...