0
What type of tax is one that takes a smaller percentage of income from high income people banned from low income people?
Updated: 9/26/2023
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 ptsQ: What type of tax is one that takes a smaller percentage of income from high income people banned from low income people?
Write your answer...
Submit
Still have questions?
Continue Learning about Accounting
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.
Related questions
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 takes smaller percentage of income from high income people than low income people?
Regressive
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.^_^=
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
What is the percentage of people that say slavery should be banned?
.....slavery IS banned......
What percentage of people get earned income credit?
40%
What percentage of people do not pay federal income tax?
60% :-)
discribe Engel's law of consumption?
playwrights
What percentage of people pay no income tax?
Nation wide? About 32%.
What percentage of American people pay fed income tax?
42%
Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.