Question: Arnold and Lilly have recently had a heated discussion about whether a sales tax is a proportional tax or a regressive tax. Lilly argues that
Arnold and Lilly have recently had a heated discussion about whether a sales tax is a proportional tax or a regressive tax. Lilly argues that a sales tax is regressive. Arnold counters that the sales tax is a flat tax. Who is correct?
Step by Step Solution
★★★★★
3.28 Rating (160 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Arnold and Lillyare both correct A sales tax by definition is a proportional tax ie as ... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
1169-L-B-L-I-T-E(1504).docx
120 KBs Word File
