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Economics

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Property taxes, which are calculated as a percentage of the value of a home, are an example of

a. the benefits- received principle
b. a regressive tax
c. the ability to pay principle
d. a proportional tax

  • Economics - ,

    d. a proportional tax

    Because the cost of the home is proportional to the property tax. If home value is high, tax is high. Also, the opposite can be true.

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