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An example of a regressive tax is?

Economics
JAMB 1985
An example of a regressive tax is?
  • A. the personal income tax
  • B. the graduated corporation income tax
  • C. a general sales tax
  • D. the inheritance tax
  • E. the excise tax
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Correct Answer: Option C
Explanation
Examples of regressive taxes include sales taxes, user fees and, arguably, property taxes.
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