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Like the one i the US where there are brackets of percentages of tax, that get larger as the income gets larger. A low earner pay a low percent, a higher earner a higher percent.
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∙ 15y ago
Anonymous
an income tax in which the tax rate increases the more a person makes
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Schedular system of taxation in the Philippines?
A schedular tax system disaggregates income into components such as labor income, dividends and royalties and then separately applies tax rates and exemptions. separate graduated rates are imposed on different types of income
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
Is Net income before or after tax?
Net income is what you get after tax, gross income is before tax.
What progressive reform was designed to provide fund for school and federal programs?
Graduated Income tax
Who provided graduated income tax?
It was the Roman Republic which provided graduated (progressive) income tax.
Why did the progressives support a graduated federal income tax?
to pay for programs to help all americans - apex
What tax strategy makes you pay a higher tax rate as income increases?
This is called a graduated or progressive income tax.
What is the definition of graduated income tax?
The higher your income, the higher percentage you pay.
Which progressive reform was designed to provide funds for schools and federal programs?
Graduated income tax.apex=)
A taxation strategy where everyone pays the same amount regardless of income?
Flat tax has no regard to income. Graduated tax is related to income.
What of the following did Populists support?
They wanted the government to create a graduated income tax. (APEX)
What was one goal of the populist party?
One of the main goals of the Populist party was to institute a graduated income tax. A lower number of immigrants allowed into the United States
Why did the progressives favor a Graduated income tax?
the wealthy would carry the greatest tax burden
What planks of the populist platform were not accepted by Americans?
the graduated income tax
Did populists support?
They wanted the government to create a graduated income tax.
