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Q: What is the tax in which a percentage paid decreases as income increases?
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In a progressive tax system as income increases the percentage paid?

increases


Why the US personal income tax is considered a progressive tax?

As income increases the percentage of that paid as tax progressively increases. If it was a "flat tax" instead, the percentage paid would be constant regardless of income.


A progressive tax means that as taxable income increases the percentage of income paid on taxes also increases.?

True(Kaylop)


A progressive tax means that as taxable income increases the percentage of income paid on taxes also increases?

True(Kaylop)


What was the highest percentage income tax being paid in 1918?

What was the highest percentage income tax being paid in 1918


Net income that is not paid to shareholders as dividends increases?

Retained Earnings


Income tax for marine biologist?

Income tax for a marine biologist is paid the way other taxes are paid in the United States. A percentage of income is paid to both state and Federal internal revenues.


When an expense ia paid in cash than net assetts increases and profitnincreases true or false?

1.net assets decreases and profit decreases 2net assets remain the same and profit decreases


Are NBA players paid too much?

The Cap increases/decreases depending on the revenue the NBA makes, so they actually get paid according to the revenue they generate.


What percentage of income tax is paid by what income group?

These numbers are for Federal Income Tax for 2008.The top 50% paid 97.3% of all Federal Income taxes collected.The top 10% paid 69.9%The top 5% paid 58.7%The top 1% paid 38.2%The bottom 50% of income earners only paid 2.7% of the total Federal Income tax in 2008


What percentage of federal income taxes was paid by Corporations in 1950 and what do they pay today?

30%


What percentage of federal income taxes are paid by persons making more than 250000?

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