5) How would a new sales tax on groceries likely affect low-income and high-income households? A) It likely to impact low-income households more because it is a regressive tax. B) It likely to impact low-income households more because it is a progressive tax. It likely to impact high-income households more because it is a regressive tax D) It likely to impact high-income households more because it is a progressive tax.

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28-09-2021
Social Studies

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5) How would a new sales tax on groceries likely affect low-income and high-income households? A) It likely to impact low-income households more because it is a regressive tax. B) It likely to impact low-income households more because it is a progressive tax. It likely to impact high-income households more because it is a regressive tax D) It likely to impact high-income households more because it is a progressive tax.

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A new sales tax on groceries likely affects low-income and high-income households- option A. It is likely to impact low-income households more because it is a regressive tax.

Sales tax is a percentage that is added by the government to the cost of a product or service when purchased by a consumer paid to the government body.

It is a regressive tax due to the fact that the percentage of the cost of service paid as the tax causes income decreases.
It is paid by everyone the same sales tax rate, someone who makes less money such as lower-income households uses more of their income to pay the tax than someone such as higher-income households who makes higher income.
the tax burden as a share of income is highest for low-income households.
A progressive tax higher percentage rate on households with higher incomes.

Thus, A new sales tax on groceries likely affects low-income and high-income households- option A. It is likely to impact low-income households more because it is a regressive tax.

Learn more about progressive tax:

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