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Introduced by the government to garner votes from the general poplace since the general populace earns low amounts of money - thus in paying less taxes they would be more inclined to vote for the politicans that pushed for lower individual tax brackets.
If you look at places like Hong Kong it is a flat tax, which actually promotes capitalism - you make more you keep more. Interestingly there is no 'voting' so its a dicotomy.
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∙ 14y ago
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What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
Is an income tax a progressive shared proportional or regressive tax?
progressive shared
What tax as income increase the amount of income tax also increase?
progressive
What is a tax that increases in proportion to one's income?
A progressive tax.
A tax in which the percentage increases as income increases?
A progressive tax.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
Is the federal income tax proportional progressive or regressive?
The federal income tax is progressive A tax that charges more for higher incomes
The federal income tax is a _____.?
progressive tax
The federal income tax is a?
progressive tax
Is an income tax a progressive shared proportional or regressive tax?
progressive shared
What type of tax is the federal income tax?
progressive tax
With this tax as income increase the amount of income tax also increase?
progressive
With this tax as income increases the amount of income tax also increases.?
progressive
What tax as income increase the amount of income tax also increase?
progressive
How is the federal income tax a progressive tax?
The Federal income tax is a progressive tax because the more a person makes in revenue, the more tax they will have to pay. The tax level or percentage is higher for those with a higher income, too.
What is the tax stratagy where the consumer pays a higher tax rate as income increases?
a "progressive tax" A "progressive" tax system. == ==
Which tax structure is used for federal income tax?
progressive tax
