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increases
Retained Earnings
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
30%
43.6
increases
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 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.
True(Kaylop)
True(Kaylop)
What was the highest percentage income tax being paid in 1918
Retained Earnings
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.
1.net assets decreases and profit decreases 2net assets remain the same and profit decreases
The Cap increases/decreases depending on the revenue the NBA makes, so they actually get paid according to the revenue they generate.
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
30%