the progressive tax system is the ideal one because it would not be unfair to the people whose income are less because the more you earn, the higher your tax rate.So it means that people who earn less will pay less tax rate while those people who earn more will pay more tax rate. That's the good thing about progressive tax system.
a "progressive tax" A "progressive" tax system. == ==
A progressive tax system is a system where the tax rate increases as the amount of the taxable base increases as well.To know more about progressive taxes, visit the link below:http://en.wikipedia.org/wiki/Progressive_tax
it increases the tax as income rises
What is Progressive Tax Structure
a tax system that takes a larger proportion of income from high income people than from low income people
No. Most gasoline tax in not progressive. It is a tax per gallon.
a tax system that takes a larger proportion of income from high-income people than from low-income people
This is a progressive tax system. Those with the most money will have to pay the most in taxes. This is the system used in America.
In a progressive tax, the more you earn, the higher your tax rate.In a regressive tax, the less you earn, the higher your tax rate.The classical progressive tax is income tax.The classical regressive tax is sales tax.
The federal income tax is progressive A tax that charges more for higher incomes
In a classical system, you have regressive, progressive and proportional. There are different types of taxes as well (e.g. income tax, luxury tax, property tax). .
The United States has a progressive income tax system. The highest current rate of income tax on a personal return is 33%.
A Regresssive tax system is when a larger percantage frome the income from low-income people than the income of high-income people
Progressive tax is a tax that take an increase in tax rate as income rise. it include higher tax rates for higher earning peoples. it based on Income of the respected person. Defination: Progressive Tax is A levy which collects more from those who better able to pay.
a tax that charges more for higher incomes
A tax that charges more for higher incomes
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.
Progressive tax means people with higher income are taxed at a higher percentage. Regressive tax means people with higher income are taxed at a lower percentage.
no ideal economic system
Illinois has a flat tax for individual income.
Marx's analysis of economic inequality focuses on the progressive tax system.
The federal personal income tax is an example of progressive tax.
When the government inplement programs such as progressive income tax rates what ocurr.
A progressive tax structure places the highest tax burden on those people who can best afford it; i.e., those who make the most money.