0
A proportional tax is a tax imposed so that the tax rate is fixed as the amount subject to taxation, or know income increases.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
The largest proportion of federal revenues comes from?
pesonall income taxes
What are linear taxes?
Linear taxes is the situation when the average tax rate is 20%. When this happens the tax rate will not increase with a higher income.
Do income taxes increase or decrease your gross pay?
Decrease. The tax is taken OUT of the gross leaving a net.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
What type of income tax system does the tax rate or the proportion of earnings taken out in taxes is greater for higher incomes?
This is a progressive tax system. Those with the most money will have to pay the most in taxes. This is the system used in America.
The largest proportion of federal revenues comes from A excise taxes B borrowing C personal income taxes D social insurance taxes?
Personal income taxes
The largest proportion of federal revenues comes from?
pesonall income taxes
Greatest proportion of federal revenues comes from what source?
The greatest proportion of federal revenues in the United States comes from individual income taxes.
Which among the following taxes does not increase the price of commodity for buyers?
Income tax
What are linear taxes?
Linear taxes is the situation when the average tax rate is 20%. When this happens the tax rate will not increase with a higher income.
What taxes are higher corporate or income taxes?
income taxes
Do income taxes increase or decrease your gross pay?
Decrease. The tax is taken OUT of the gross leaving a net.
Can a president raise or lower taxes?
No. The President has no power over taxes. He can ask Congress to raise the income tax, but they tend to do what they want to do. President Obama did ask Congress to increase the income tax on high incomes.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
What type of income tax system does the tax rate or the proportion of earnings taken out in taxes is greater for higher incomes?
This is a progressive tax system. Those with the most money will have to pay the most in taxes. This is the system used in America.
What are the two kinds of proportion?
Direct proportion-is inicated when an increase in one another causes a corresponding increase in the other.Indirect proprtion-is indicated when two quantities are related so that an increase in one causes a corresponding to increase in the other. vice versa.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
