Question

The classification of taxes includes:

• A. Only direct taxes
• B. Only indirect taxes
• C. Direct and indirect taxes; proportionate, progressive, and non-progressive taxes
• D. Taxes based on property only

Answer 1

Answer:

C. Direct and indirect taxes; proportionate, progressive, and non-progressive taxes

• Taxes are classified by their incidence as direct or indirect, and by their rate structure as proportionate, progressive, or non-progressive