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flat income tax

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16y ago

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Why is supplemental income taxed higher than regular income?

Supplemental income, such as bonuses or commissions, is taxed at a higher rate because it is considered additional income on top of regular wages. The higher tax rate is meant to ensure that individuals pay their fair share of taxes on all sources of income.


If you have fair credit should you apply for a loan on your own or with a cosigner who has bad credit but more income and assets to get a lower rate?

I would try to get the loan on my own and build MY credit up. Its a personal choice.


Do you think That the husband must pay everything in the house?

I think it would be fair if bills were paid in proportion to who brings in what amount of income. If the husband brings in all of the income then the answer is obvious.


Would testing green bags be a consumer science science fair project?

yes, if u test it with regular bags, and green bags. i did this once at a science fair


What would be associated with the neolithic age?

Asking a multiple choice question without providing the choices doesn't really seem fair.


Any ideas for science fair experiments?

You can do anything in a science fair a popularly choice is too do a volcano!


What is the dictionary definition of the word reasonable?

* showing reason or sound judgment; "a sensible choice"; "a sensible person" * fair: not excessive or extreme; "a fair income"; "reasonable prices" * marked by sound judgment; "reasonable nuclear policy"


Why do you have to skip school on Fair Day?

You do not HAVE TO skip school on fair day. It is a choice you make because fair day is not a national holiday when schools are closed.


What did the clergy do for society that mgiht justify their low tax rate?

There is a myth that clergy pay a lower tax rate, when in fact in total tax (SE tax + income tax) often they pay far higher taxes than the typical W2 wage earner. How is this so? Because they are considered "self-employed" by the IRS and thus pay a whopping 15.3% off their gross income (before adjustments and exemptions) AND regular income tax. Effectively this means they pay more in total tax. The regular wage earner pays half (or in 2011 less than half) of Social Security (the equivalent of "self-employment tax") and the employer pays the rest. Obviously this is a bad situation, so much so that Congress began to allow clergy to exclude the lower of fair market value of their home or actual expenses for housing from regular income tax (but not self-employment tax, that still comes off the top). So a minister earning $50,000 pays $6141 in SE tax (13.3%, down from 15.3 last tax year) on that income PLUS any regular income tax. If a minister spent $15,000 total on housing, he would still pay regular income tax on $35,000 at the going rate. That would be about an additional $2871, for a total of $9012, or an effective total tax rate of 18% tax on just $50,000 income. That's a dead heat with a regular income earner ($9081).


What qualities would people of the medieval period want in a king?

They would want someone who was fair and didn't tax them too much, but it didn't matter since they had no choice over who was king.


Its possible to be a fair and balanced manager of minimum wage workers?

I think it is not possible to be fair manager, when you are fair they will think you will treat them like regular humans. They will ask for a raise, Barbra tried to start a protest at The Maids but science they were treated unfair and unbalanced they didn't join in. I am not saying that they shouldn't be treated fair but they will take advantage of it, it would be what I would do. Holly twisted her ankle if Ted was fair and balanced they would have never finished the other houses. Holly would have went to the emergency room right away and the conversation on the phone would have never happened.


In a democracy it is essential that elections are?

Answer this question… regular and fair.