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Social Security Taxes are a Proportional Tax. A Percentage of a person's income is paid to Social Security, this is half of the total amount paid to them, the Other half of a person's Social Security Tax is paid by the Employer.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoInherently regressive because the burden falls on lower wages.
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Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
Is an income tax a progressive shared proportional or regressive tax?
progressive shared
What is proportional tax and what is regressive tax and an example of each?
A tax that charges more to those with lower incomes
Is the federal income tax proportional progressive or regressive?
The federal income tax is progressive A tax that charges more for higher incomes
Is the sales tax progressive or regressive?
regressive
Is payroll tax regressive or progressive?
Regressive
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
does Mississippi Tax Social Security Income?
does Mississippi Tax Social Security Income
What was the Social Security tax for 2001?
The Social Security tax cap for 2001 was $80,400.
What is the principle that justifies a regressive tax?
The benefits-received principle justifies a regressive tax.
Proportional Progressive Regressive Which one should be adopted into the US and why?
This question is totally a matter of opinion. Most economists say that a progressive tax structure is the most effective while some others suggest that a proportional is not only better, but also more moral. Almost every economist would agree that a totally regressive tax structure is bad.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
