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what is sin tax?
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Asked 4/18/2014 10:23:11 PM
Updated 4/19/2014 2:56:40 PM
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User: what is sin tax?

Weegy: A sin tax is a tax on items considered undesirable or harmful, [ such as alcohol or tobacco. Here is another explanation what a sin tax is: A sin tax is a kind of sumptuary tax: a tax specifically levied on certain generally socially proscribed goods and services. These goods are usually alcohol and tobacco, but also include candies, soft drinks and coffee, while services range from prostitution to gambling. en.wikipedia.org/wiki/Sin_tax ]
silvencio|Points 201|

User: what is progressive tax?

Weegy: A progressive tax is a tax by which the tax rate increases as the taxable base amount increases.[1][2][3][4][5] "Progressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from low to high, [ where the average tax rate is less than the marginal tax rate.[6][7] It can be applied to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. Progressive taxes attempt to reduce the tax incidence of people with a lower ability-to-pay, as they shift the incidence increasingly to those with a higher ability-to-pay. ]
selymi|Points 14191|

User: Ann earns $10,000 annually and pays a tax of $1,000. Jerome earns $60,000 during the same period and pays taxes of $20,000. The tax they both paid was a a. proportional tax. c. regressive tax. b. progressive tax. d. marginal tax.

Weegy: The tax that Ann and Jerome paid was a b. progressive tax
AgentI|Points 408|

User: The three criteria for effective taxes are a. efficiency, simplicity, and regressiveness. b. efficiency, simplicity, and progressiveness. c. equity, progressiveness, and efficiency. d. equity, simplicity, and efficiency.

Weegy: The three criteria for effective taxes are d. equity, simplicity, and efficiency.
Tachek|Points 250|

User: what is excise tax?

Weegy: An excise or excise tax (sometimes called a duty of excise special tax) is commonly referred to as an inland tax on the sale, or production for sale, of specific goods; or, more narrowly, as a tax on a good produced for sale, or sold, [ within a country or licenses for specific activities. *An excise is considered an indirect tax, meaning that the producer or seller who pays the tax to the government is expected to try to recover the tax by raising the price paid by the buyer ]
ephraimzRN|Points 2278|

User: What is the single largest source of revenue for the federal government? a. corporate income taxes c. individual income taxes b. FICA taxes d. user fees

Weegy: Individual income taxes is the single largest source of revenue for the federal government, answer is C.




User: The gift tax is used to prevent people from avoiding the a. excise tax. c. income tax. b. estate tax. d. customs duty.

Weegy: The gift tax is used to prevent people from avoiding the b. estate tax The answer is b. estate tax
shinshin|Points 128|

User: Which of the following is a major source of federal revenue? a. demand deposits of the federal reserve c. sale of copper on the open market b. corporate income tax d. state banking fees

Question
Asked 4/18/2014 10:23:11 PM
Updated 4/19/2014 2:56:40 PM
1 Answer/Comment
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CORPORATE INCOME TAX is a major source of federal revenue.
Added 4/19/2014 2:56:40 PM
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