0
What do you call a tax where the percentage of tax remains constant as income rises?
Brittthayer
A tax system that maintains a constant percentage rate on income as it rises is commonly known as a "flat tax".
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?
the percentage of tax rises
What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?
The percentage of tax stays the same.
What happens to the percentage of tax as the income that is taxed rises and the tax is proportional to one?
The tax states the same
What happens when the contribution margin rises?
When contribution margin rises it reduces the break even point because due to increase in contribution margin less number of units requires to manufacture to recover the fixed cost and it also increases the profit as well.
What are the reasons why assets depreciate?
The stock market rises and falls all the time with the value of different assets. Its an inevitable part of the economy of any country
What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?
the percentage of tax rises
If the price level rises and the money wage rate rises by the same percentage what happens to the quantity of real GDP supplied?
When the price level and the money wage rate change by the same percentage, the real wage rate remains constant at its full employment equilibrium level so employment remains constant and real GDP remains constant at "potential GDP" which is the quantity of real GDP at full employment.
What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?
The percentage of an income that is taxed will stay the same when income rises until that income reaches a certain point set by the government. A higher tax bracket may mean a higher portion of the income will be taxed.
Is the temperature remains constant when water starts boiling?
During boiling the temprature remains constant and as soon as the water is bolied the temprature again rises.
What are the effects of tax on in com distribution?
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.
What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?
The percentage of tax stays the same.
When air bubbles rises in water its volume increases what happens to its mass and density?
As the air bubble increases in volume, its mass remains constant. Because the mass remains constant but volume increases, density will decrease.
What happens to the percentage of tax as the income that is taxed rises and the tax is proportional to one?
The tax states the same
What is the definition of inferior good?
A good or service whose consumption declines as income rises (and conversely), price remaining constant
What happens when domestic income rises?
What happens when domestic income rises?
What happens when supply increases?
when the supply of a commodity increases but demand remains constant then price of the commodity falls which is called deflation with the result unemployment rises.on the other hand if supply rises and if demand also rises with same rate then this would have positive effect on the economy as the employment rises with out inflation.
Demand rises and supply is constant?
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
