TCOs 1 2 and 3 Which if any of the following taxes are propo

(TCOs 1, 2, and 3) Which, if any, of the following taxes are proportional (rather than progressive)?

Federal corporate income tax

Federal gift tax

Federal estate tax

Federal employment tax

All of the above

Solution

Overall federal tax system is progressive but some federal taxes are regressive like federal employment tax. the above given federal corporate income tax, federal gift tax, federal estate tax are Progressive in nature but not proportional in nature.