Identify Whether Each of the Following Taxes Is Progressive or Regressive

question 101

Essay

Identify whether each of the following taxes is progressive or regressive:
a.the Canadian federal income tax
b.a provincial sales tax
c.a tax on cigarettes
d.the goods and services tax
e.a tax on gasoline

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Definitions:

Rating

The percentage of households in a market that are tuned to a particular TV show or radio station.

Share

A unit of ownership interest in a corporation or financial asset, allowing the shareholder to claim a part of the company's assets and earnings.

Negative Public Attention

Adverse publicity or scrutiny from the media or public that can affect a company's reputation and business.

Celebrity Spokespeople

Famous individuals who are paid to promote a brand, product, or service, leveraging their fame to influence potential buyers.