what is base tax amount for high tax bracket for 2008?
It's an example of blue tax
Regressive
Regressive
Tax = Total Amount - (Total Amount / (1 + Tax Rate))Example: Total including tax is $2.14 and the tax rate is 7% (0.07).The base amount -- or purchase price -- is $2.14 divided by 1.07, or $2.00.The tax is 2.14 - (2.14/1.07) = $0.14
Progressive
what is base tax amount for high tax bracket for 2008?
tax base
It's an example of blue tax
Regressive
Regressive
Tax = Total Amount - (Total Amount / (1 + Tax Rate))Example: Total including tax is $2.14 and the tax rate is 7% (0.07).The base amount -- or purchase price -- is $2.14 divided by 1.07, or $2.00.The tax is 2.14 - (2.14/1.07) = $0.14
The estate tax is the best example.
proportional.
proportional tax
a general sales tax
When the government tax base is increasedgovernmentrevenues will increase.