Our Government needs more revenue to pay for the services and program that are being provided to the public and the tax rates are increased to raise the additional revenue.
And the elected officials increase the income tax rates to increase the amount of revenue that is needed for our Government to provide those programs.
Answer 2:
The answer given above is not true, although it is the reason they try to tell you. Quoting the Grace Commission report (1-15-84) "all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government." As a plain English translation, NO money derived from taxes is used for ANY public service. Many unpopular economic annalists state that taxes are a form of debt loading.
There are two types of tax that is related to income equality: Regressive tax: The tax as a percentage of your income decrease as your income rises. Example includes VAT (Value Added Tax) where the burden of the tax falls more heavily onb the poor than to the rich. Therefore it increases the income inequality. Progressive tax: The tax as a percentage of your income increases as your income rises. Example includes income tax where as your income rises, the tax percentage increases. Therefore, it creates more income equality.
A progressive tax strategy.
progressive tax [novanet]
An import tariff increases the sale price of foreign-made goods.
Economic growth : Fall in tax increases the disposable income of the people therefore increasing their purchasing power leading to increased GDP Employment :decrease in tax causes firms to produce mo
A progressive tax.
Progressive A+
The progressive tax rate is one where the tax rate increases as the taxable rate, or income, is increasing.
Great depression-1930's World War I & II
progressive
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
Access to clean water is an issue that is not affected by race or ethnicity, as all individuals deserve and require access to clean water for their health and well-being regardless of their background.
The tax rate increases as income increases.
Regressive
Regressive
Fed tax is a form of progressive(Tax by which the rate of tax increases as the taxable base amount increases ) and direc tax( a tax paid directly to the government by the persons on whom it is imposed).
Regressive