Are INCOME TAXES regressive, progressive, contributive or retributive????

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Are INCOME TAXES regressive, progressive, contributive or retributive????

2007-03-16 21:42:27 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

2 answers

great question - let's just get rid of the IRS

2007-03-16 21:52:42 · answer #1 · answered by tom4bucs 7 · 0⤊ 0⤋

Basically, income taxes is progressive. The higher you earn, the larger you pay income tax. It is also Contributive because it is levied for the general welfare of the public.

2007-03-16 21:54:44 · answer #2 · answered by carlo 1 · 0⤊ 0⤋