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What are the 2 taxation strategies?
flat tax progressive consumer
Is a tax where everyone pays the same percentage a regressive or progressive tax?
Neither, a tax in which everyone pays the same percentage is called a flat tax.
Is Medicare tax a progressive tax?
It is not a progressive tax. It is a flat 1.45% for employees at all wages. The employer also must pay 1.45% for their employees for a total of 2.9% of wages per individual. Self employed income is under slightly different rules but it is still not progressive for them.
What is a progressive tax structure?
What is Progressive Tax Structure
What were the progressive Illinois state income tax rates prior to the 1970 constitutional convention?
Cannot find answer! I want an answer and cannot find tax rate history on internet.
Why the US personal income tax is considered a progressive tax?
As income increases the percentage of that paid as tax progressively increases. If it was a "flat tax" instead, the percentage paid would be constant regardless of income.
Is gasoline tax progressive?
No. Most gasoline tax in not progressive. It is a tax per gallon.
What is the tax stratagy where the consumer pays a higher tax rate as income increases?
a "progressive tax" A "progressive" tax system. == ==
Is an income tax a progressive shared proportional or regressive tax?
progressive shared
If employees who make more money pay a higher percentage of their income to the government this is known as?
flat taxation
Is inheritance tax progressive or regressive?
Progressive
What does the flat tax do to the tax process?
flat tax
