Which of the following is a type of Consumption Tax?

Sales tax is a type of consumption tax because it is levied on the sale of goods and services at the point of purchase. This means that the tax is applied based on the amount of money consumers spend when they buy products, making it directly tied to consumption behavior. When people spend more, they pay more tax; when they spend less, they pay less tax, which clearly aligns with the definition of a consumption tax.

Property tax, in contrast, is based on the value of real estate and does not fluctuate with consumption patterns. Income tax is assessed on an individual's earnings, independent of how much they consume. An excise tax on investments typically applies to specific goods, such as tobacco or alcohol, but it does not encompass all types of consumption in the same manner that sales tax does. Thus, sales tax stands out as the most direct form of consumption tax among the listed choices.