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types of taxes in the united states s break down into two basic types: …

Question

types of taxes in the united states
s break down into two basic types: progressive taxes and regressive taxes, which may
popular but are important for funding the government.
ressive taxes
that change based on a persons income
income tax

  • rates are determined by tax brackets (level of income)
  • rate increases as a persons income increases
  • rate decreases if a person has a lower income

gressive taxes
taxes that stay the same for everyone regardless of income

  • often passed by legislatures
  • sales tax
  • e.g. a percentage - based tax on all retail purchases
  • sin tax
  • tax on an item deemed harmful to stop people from using it, e.g. tobacco and alcohol

taxes

  • often used to fund a related public project, such as public health initiatives
  • property tax
  • two houses in the same jurisdiction will be taxed at the same percentage

sin taxes are designed to do what?

  • convince people to donate more money
  • convince people to work more
  • convince people to stop buying a good

Explanation:

Brief Explanations

Sin taxes are a type of regressive tax applied to goods deemed harmful (like tobacco or alcohol). Their core purpose is to discourage consumption of these products by making them more expensive.

Answer:

convince people to stop buying a good