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Regarding SIDS,which of the following statements is FALSE?
Sales Tax
A tax imposed by governments on the sale of goods and services, calculated as a percentage of the sales price.
Proportional Rate Structure
A tax system where the tax rate remains constant regardless of the amount of income, as opposed to progressive or regressive tax structures.
Progressive Rate Structure
This is a tax system in which the tax rate increases as the taxable base amount increases, typically applied to incomes to ensure higher earners pay a greater percentage of their income.
Regressive Rate Structure
A tax system where the tax rate decreases as the taxable amount increases, placing a higher burden on lower earners relative to higher earners.
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