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The government spends it.
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∙ 13y ago
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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 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 in indirect tax collections?
They burn it
What happens when your taxable income falls in the lowest tax bracket?
It means that you will owe no income tax.
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 government revenues when the government tax base is increased?
When the government tax base is increasedgovernmentrevenues will increase.
When demand is more inelastic than the supply what happens to the burden of a tax?
the consumers pay a larger share of the tax
What happens when there is a tax reduction?
We keep more of the money we earned. When does this happen?
What happens if you pay your income tax late?
pay interest but no penalty
How often do people get tax software?
Tax software is only one purchase that can last a lifetime. The only thing close to getting tax software is getting an update to an existing tax software which happens a lot.
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 does IRS tax code 826 mean?
IRS tax code 826 means that IRS tax refund will be offset to another year. This happens when there are back taxes owed.
