One of the Main Criticisms of Property Taxes Is That

question 21

Multiple Choice

One of the main criticisms of property taxes is that the property tax of lower income households is higher than that of higher income households, as a percentage of their respective incomes. In other words, taxes are criticized for being:

• A) regressive
• B) comprehensive
• C) concurrent
• D) extraterritorial

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Definitions:

Product Liability

is the legal responsibility of manufacturers and sellers to compensate for harm caused by defective or unsafe products.

Composition

The act of arranging or putting together elements to form a whole, often referring to writing, music, or art.

Reasonably Safe

A term describing a status of products or environments that are considered to have acceptable levels of risk, adhering to standard safety guidelines.

Warning Defect

A lack or inadequacy in the instructions or notices that come with a product, which fail to alert users to potential risks.