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What is a tax that takes a smaller percentage of the income of wealthier people than of poorer people?
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What is sales taxes because of high-income people pay a smaller percentage of their income?
Regressive.
What percentage of people get earned income credit?
40%
What percentage of people do not pay federal income tax?
60% :-)
Most people mail the full amount owed in federal income tax each April?
No. Most people have a percentage of their income withheld for taxes.
People that make over 250000 dollars a year pat what percentage of national income tax?
They usually pay around 30 percent of their income after all the deductions. This is much higher than those who make less.
What type of tax is one that takes smaller percentage of income from high income people than low income people?
Regressive
What type of tax is one that takes a smaller percentage of income from high-income people than from low-income people?
A regressive tax is one that takes a smaller percentage of income from high-income people than from low-income people. In a regressive tax system, as income increases, the percentage of income paid in taxes decreases.
What type of tax is one that take a smaller percentage of income from high-income people than low-income people?
Regressive. (:
What is sales taxes because of high-income people pay a smaller percentage of their income?
Regressive.
What type of tax is one that takes a smaller percentage of income from high income people than from low income people?
Regressive.^_^=
discribe Engel's law of consumption?
playwrights
What type of tax is one that takes a smaller percentage of income people than from low income people?
Regressive tax. E.g. value added tax
Under which tax system do poor people pay a larger proportion of income than wealthier people?
Regressive tax
What percentage of people get earned income credit?
40%
What percentage of people do not pay federal income tax?
60% :-)
Is one million dollars a lot?
No, not very much regardless of your income. The average American will spend about 1 million dollars in their lifetime. Wealthier people will spend more.
What percentage of people pay no income tax?
Nation wide? About 32%.
