Asked by Brigid Ripley on May 25, 2024
Verified
Excise taxes
A) are aimed at a specific good or service.
B) are aimed at a wide range of products.
C) are direct taxes.
D) are generally progressive in nature.
Excise Taxes
Taxes levied on specific goods or services, such as alcohol and tobacco, often intended to discourage their use or raise revenue.
Progressive
A social or political ideology that advocates for reform and innovation, emphasizing progressive changes in society.
Direct Taxes
Taxes levied directly on an individual's or organization's income or wealth.
- Acquire knowledge on the diverse forms of U.S. taxation and their specific attributes.
- Understand the distinctions between progressive, regressive, and proportional taxes.
Verified Answer
BP
Benjamin PullenMay 30, 2024
Final Answer :
A
Explanation :
Excise taxes are levied on specific goods or services, such as alcohol, tobacco, gasoline, and firearms. They are not a wide range of products and are not a direct tax. The nature of excise taxes is not necessarily progressive, as they tend to be flat taxes that do not vary based on income.
Learning Objectives
- Acquire knowledge on the diverse forms of U.S. taxation and their specific attributes.
- Understand the distinctions between progressive, regressive, and proportional taxes.