Which of the Following Is Generally Considered the Most Regressive

question 27

Multiple Choice

Which of the following is generally considered the most regressive type of tax?

• A)​gift tax
• B)​federal income tax
• C)​excise tax
• D)​payroll tax

---

Definitions:

President's Budget

An annual proposal by the U.S. President outlining the government's planned financial activities and spending for the upcoming fiscal year.

Office of Management and Budget

A federal office within the Executive Branch of the United States government that assists the President in preparing the budget and monitoring federal agencies.

Indirect Tax

A tax levied on goods and services rather than on income or profits.

Corporate Income Tax

A tax imposed on the net income of corporations, calculated after allowable deductions and credits.