which of these best describes income tax? regressive tax indirect tax direct tax proportional tax
which of these best describes income tax? regressive tax indirect tax direct tax proportional tax
Answer
Brief Explanations:
Income tax is levied directly on an individual's or entity's income. A direct - tax is paid directly by the entity on which it is imposed. Regressive tax takes a larger percentage from low - income earners. Indirect tax is passed on to consumers. Proportional tax takes the same percentage from all income levels. Since income tax is paid directly by the income earner, it is a direct tax.
Answer:
direct tax