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Individual income tax rates are usually this of tax the higher the income the higher the tax rate?
Progressive
What year did the state of Connecticut start an income tax?
1985
Indinvidual income tax rates are usually this type of tax the higher the income the higher the tax rate?
i think its Progressive(Kaylop)
What created the income on tax?
Your question is backwards. There is no income on tax. However, there is a tax on income. This is known as income tax. Income tax is a system created by the government that takes a percentage of your income out of your check based on how much money you earn. Generally speaking, the higher your income, the higher the percentage of it the government takes.
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 definition of graduated income tax?
The higher your income, the higher percentage you pay.
For Connecticut state income tax a 2007 single student earning 3132.25 did not have Connecticut state taxes withheld do you have to file Connecticut taxes?
CAN I FIND OUT THE REFUND AMOUNT I GOT FROM CONNECTICUT STATE TAX IN 2007
What is a progressive tax strategy?
it is tha strategy that governs tax increases proportionally with taxable income. the higher your taxable income the higher tax percentage you will pay.
Should the rich have to pay a greater portion of their income in taxes than the poor why or why not?
The rich do in fact pay a higher percentage of their income in income tax, because we have a progressive income tax based on six different tax brackets, where the higher your income is the higher a percentage tax bracket you will be in. Depends on which country you're in. In the US, this is not the case.
What tax strategy makes you pay a higher tax rate as income increases?
This is called a graduated or progressive income tax.
Is the federal income tax proportional progressive or regressive?
The federal income tax is progressive A tax that charges more for higher incomes
Why do you think farmers favored the adoption of a graduated income tax?
Probably because a tax on income in which the taxation rates are progressively higher for those with higher income allowed them to pay lower tax rate due to them having less income during the deflation.
