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What taxation strategy is the amount of taxes you pay not determined by your income?
Wiki User
∙ 15y ago
regressive
Wiki User
∙ 15y ago
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In a blank taxation strategy the consumer pay a specific percentage of their income towards taxes no matter what their level of income?
Flat tax.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
What is the benefit of claiming yourself as an exemption?
Each exemption is equal to an amount of income that is "exempted" from taxation. Hence it lowers your taxable income and therefore tax.
What Taxes that increase in proportion to income?
A proportional tax is a tax imposed so that the tax rate is fixed as the amount subject to taxation, or know income increases.
What is best definition of taxable income?
the portion of your income that is eligible for taxation
What is a taxation strategy where everyone pays the same dollar amount regardless of income?
A taxation strategy where everyone pays the same dollar amount regardless of income is a?
What taxation strategy is when the amount of taxes is not determined by your income?
There are many taxes that are not determined by your income:sales taxes, property taxes, tariffs, excise taxes, capitation or "head" taxes, etc.
A taxation strategy where everyone pays the same dollar amount regardless of income?
Proportional.
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.
A taxation strategy where everyone pays the same percentage amount regardless of income is a strategy called what?
The so-called Flat Tax.
What is the taxation strategy where everyone pays the same dollar amount regardless of income?
That sounds like a poll tax.
A taxation stratery where everyone pays the same dollar amount reguardless of income is a blank strategy?
A flat tax is a taxation strategy where everyone pays the same rate regardless of income. A flat tax and fair tax are the two most commonly proposed alternatives to the current US tax system.
In which taxation strategy does the consumer pay a higher tax rate as income increases?
progressive.
In a what taxation strategy the consumer pays a specific percentagae of their income towards taxes no matter what level of income?
proportional NovaNet
In a blank taxation strategy the consumer pay a specific percentage of their income towards taxes no matter what their level of income?
Flat tax.
What is a taxation strategy when the consumer pays a specific percentage of their income towards taxes no matter what their level of income?
== == Flat Tax or also called a proportional tax.
What does the term 'exemption' mean regarding the calculation of income tax?
An exemption refers to a specific amount of income that is not subject to taxation. This typically reduces the taxpayer's taxable income, thereby decreasing the overall amount of tax owed. Exemptions can apply to different categories of income, such as for dependents or certain types of income.
