Which of the following is not one of the classifications used for taxes?
A)Excludable
B)Progressive
C)Regressive
D)Proportional

Question

Quizplus · Accepted Answer

Excludable is not one of the classifications used for taxes.
Key Takeaway: Taxes are classified in three different ways: progressive, regressive, and proportional. Progressive taxes mean the average tax rate increases as income increases (such as with personal income tax); regressive means that the average tax rate goes down as income increases (examples would be Social Security tax and general sales tax); proportional means that the tax rate remains the same, no matter what the size of the income (like corporate income tax).

Which of the Following Is Not One of the Classifications