Which statement is the most accurate?

A) Most taxes are proportional taxes.
B) Poor people bear most of the burden of progressive taxes.
C) John Stuart Mill was the first to make the distinction between direct and indirect taxes.
D) President Reagan was largely responsible for raising personal income tax rates.

Progressive Taxes

A tax system in which the tax rate increases as the taxable amount increases, placing a higher tax burden on individuals with higher incomes.

Proportional Taxes

A tax system where the tax rate remains constant regardless of the amount on which the tax is imposed, resulting in taxes being proportionate to the income.

Direct Taxes

Taxes paid directly to the government by the individual or organization on whom it is levied, such as income tax or property tax.