0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Who would pay the most as a portion of income under a regressive tax?
Under a regressive tax your tax rate goes down as you make more money. (Total Tax Paid) / (Income) = (Percent of income paid). As the tax rate goes down, the more you make the lower this number will be.
Why is the gasoline tax a proportional tax?
Because a tax is a tax all you got to do is pay them, get over it.
Application of queues in real life?
Real life examples:-a) People standing in a line to board a bus:- The person who stand first in the line get into the bus first and the person who stand last in the line board the bus last. This follows the First-in-first-out (FIFO) principle of queue.b) Phone answering system :- Person who would call first gets a response first and the person who would call last gets the response last. This follows the FIFO principle of queue.c) Person waiting outside cinema hall:- Person who would be checked first will get into the cinema hall first and the person who would be checked last would get into the cinema hall last. This follows the FIFO principle of queue.d) Luggage checking machine:- Luggage that would be put first in the machine would be checked first and the luggage that will be put at the last would be checked last. This follows the FIFO principle of queue.e) Patient wait outside the clinic :- Patient who come first visit the doctor first and the patient who comes last visit the doctor last. This follows the FIFO principle of queue.f) Vehicles on toll-tax bridge :- The vehicles that comes first to the toll tax booth will leave the booth first and the vehicle that comes last would leave the booth last. This follows the FIFO principle of queue.AKANKSHA
Marginal Tax Rate Calculator?
Marginal Tax Rate Calculator Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. This calculator helps you estimate your average tax rate, your current tax bracket, and your marginal tax rate for the 2010 tax year. Please note that this calculator uses the 2010 preliminary tax tables subject to change by the IRS.
What is compound tax?
It is a tax applied on top of an asset that has already been taxed.
What is the principle that justifies a regressive tax?
The benefits-received principle justifies a regressive tax.
What is the principal that justifies regressive tax?
the benefits received principle
Is the sales tax progressive or regressive?
regressive
Is payroll tax regressive or progressive?
Regressive
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
What kind of tax is the sales tax?
Regressive tax
Is a benefit principle of taxation an example of a progressive tax or regressive tax?
The benefit principle of taxation is typically associated with a regressive tax system. This principle states that individuals should pay taxes in proportion to the benefits they receive from public goods and services. In practice, this can disproportionately burden lower-income individuals who rely more heavily on these public services.
What kind of tax is sales tax?
Regressive
Is a tax where every one pays the same percentage regressive?
regressive.
What countries practicing regressive tax?
the countries practicing regressive tax are japan, united states, china, Canada and Korea.
