0
Who might benefit most from a progressive tax people with low income or people with a high income?
Wiki User
∙ 11y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does progressive income tax mean?
The more money you make the higher the percentage you will pay. Someone who earns $50,000 might pay 10% or $5,000 whereas someone who earns $100,000 might pay 20% or $20,000 and someone who earns $200,000 might pay 40% or $80,000.
How might a firm benefit from delaying its cash outflows?
h
How might lowering corporate income tax impact state revenue?
Attracting more businesses might raise corporate tax revenue.
When the economy is in a downward swing what might be done to taxes to help individuals have more income?
lowered
Earned Income Credit (EIC) Calculator?
Earned Income Credit (EIC) Calculator Earned Income Credit (EIC) is a tax credit available to low income earners. In some cases the EIC can be greater than your total income tax bill, providing an income tax refund to families that may have little or no income tax withheld from their paychecks. Use this calculator see if you qualify for the Earned Income Credit, and if so, how much it might be worth to you and your family. This calculator creates estimated values for tax year 2010.
Why might wealthy people oppose income taxes and poor people opposed sale tax?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
Why might wealthy oppose income taxes and poor people oppose sale taxes?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
Do I have to pay taxes on a disability benefit?
You can get the answers at 4socialsecuritydisability.com. Their answer is that your disability benefits might be taxable IF you, or you and your spouse if filing jointly, have enough income to require paying taxes.
Why was prohibition regarded as a progressive issue?
Progressives believed they were doing mankind a favor by getting rid of alcohol. They thought it might make life better for people, but to be honest it wasn't very progressive.
What does progressive income tax mean?
The more money you make the higher the percentage you will pay. Someone who earns $50,000 might pay 10% or $5,000 whereas someone who earns $100,000 might pay 20% or $20,000 and someone who earns $200,000 might pay 40% or $80,000.
Where can one find a progressive auto insurance quote?
There are many places that one might get a progressive auto insurance quote. Progressive is one of the biggest of these firms with others such as Progressive Agent and Progressive Commercial also available.
How does the landscape of Bangladesh might benefit its people?
the extensive resources of the highly regarded benni food - FISH.
How might the difficulty of mountian travel have been a benefit to the greeks?
People were a able to create their own governments..
How might countries benefit from interdependence?
Countries benefit from interdependence because it exposes people to diversity. When countries are more diverse, the level of tolerance for different cultures increase.
Why might wealthy people oppose income taxes and poor people oppose taxes?
Each opposes the tax that would have the greatest effect on them.
What are the main benefits problems of being an interior decorator?
Interior decorators benefit from a flexible schedule and a career in which they can use their creativity. However, most interior decorators are freelancers, so income might not be steady.
Which groups of people might of benefited from Teddy Roosevelt's actions as a trustbuster?
Every American could benefit from Roosevelt's actions.
