English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

-progressive
-regressive
-proportional
-atypical

2007-08-06 11:50:35 · 4 answers · asked by Anonymous in Business & Finance Taxes United States

thank you to everyone who answered

2007-08-06 12:12:47 · update #1

4 answers

Progressive. Here's the definition of Progressive tax right out of Wikipedia.

A progressive tax is a tax imposed so that the tax rate increases as the amount to which the rate is applied increases. The term "progressive tax" can be applied to any type of tax. It is frequently applied in reference to income taxes, where people with more disposable income pay a higher percentage of that income in tax than do those with less income. The term progressive refers to the way the rate progresses from low to high. The opposite of a progressive tax is a regressive tax, where the tax rate decreases as the amount to which the rate is applied increases. In between is a proportional tax, where the tax rate is fixed as the amount to which the rate is applied increases. Progressive taxes reduce the tax incidence of people with smaller incomes, as they shift the incidence disproportionately to those with higher incomes.

2007-08-08 16:59:30 · answer #1 · answered by Anonymous · 0 0

Progressive

2007-08-06 11:55:27 · answer #2 · answered by Bostonian In MO 7 · 4 0

The 16th amendment gives Congress the power to collect income taxes. By definition of being an amendment to the Constitution, it is not unconstitutional.

2016-05-20 00:39:03 · answer #3 · answered by jerry 3 · 0 0

retarded. the income tax was supposed to be a short term thing we were in financial trouble nd it was to raise or treasury. then the government got greedy and have left it in, we also have the sales tax so whatever we do with or money we are taxed for. we are taxed to make money and to spend money.....wow bums have it easy

2007-08-06 12:02:39 · answer #4 · answered by Anonymous · 0 6

fedest.com, questions and answers