Sales and Excise Taxes Are

question 10

Multiple Choice

Sales and excise taxes are:

• A) progressive.
• B) proportional.
• C) regressive.
• D) fixed-revenue.

---

Definitions:

Bill Gates

An American business magnate, software developer, and philanthropist known for co-founding Microsoft Corporation, one of the world's most valuable technology companies.

Warren Buffett

An American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway, known for his successful investment strategies and one of the richest people in the world.

Billionaires

Individuals whose net worth or wealth is equal to or exceeds one billion units of a currency, often reflecting significant economic influence or power.

Tax Cuts

Tax cuts refer to reductions in the amount of taxes owed by individuals or corporations, often implemented to stimulate economic growth.