Explain why five percent sales tax on gasoline is regressive, Macroeconomics

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Explain why five percent sales tax on gasoline is regressive

Problem

1. What is the difference between the marginal tax rate and the average tax rate?

2. Explain why a 5 percent sales tax on gasoline is regressive.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Explain why five percent sales tax on gasoline is regressive

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Macroeconomics: Explain why five percent sales tax on gasoline is regressive

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