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Why might wealthy oppose income taxes and poor people oppose sale taxes?
Wiki User
∙ 9y ago
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
Wiki User
∙ 9y ago
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Why might wealthy people oppose income taxes and poor people oppose sales taxes?
Each opposes the tax that would have the greatest effect on them.
Why an increase in income does not necessary mean an increase in welfare of the people?
There are many reasons why this might be the case; one of the simplest is inflation (meaning increase in how much things cost). If the rate of inflation is higher than the rate of increase in income, then you have more money but it buys less.
How would a 2007 recession affect lower income families?
Redundancies often affect lower income people more both because they might be more likely to be made redundant and redundancy pay-offs are usually linked to income. With a larger pool of unemployed, pressure to raise the minimum wage will be reduced so those in work are likely to have smaller or no pay increases. Employers often use recessions as an opportunity to worsen the terms of employment so non-wage benefits might also be reduced.
What is the average yearly income for a cattle rancher?
Depends on the year like if it was dry it might not be good. But if there was no sickness or and the grass was good it might be a good income. Tennessee has the most cattle farms of any state, but is about ninth in cattle numbers. The average net income of a cattle farm in Tennessee is negative. There are a lot of part-time cow-calf operations in Tennessee.
Where can one learn how to get rich without using the stock market?
There are many internet sites that claim to tell you how you can get rich, however many, if not all of them fail to provide the results they promise. Intelligent investments can make a big difference to your money situation if you have the right information. One place to ask would be a bank, as they work in handling money. Also, wealthy people often give interviews on how they became wealthy. These might be an interesting source.
Why might wealthy people oppose income taxes and poor people oppose taxes?
Each opposes the tax that would have the greatest effect on them.
Why might wealthy people oppose income taxes and poor people oppose sales taxes?
Each opposes the tax that would have the greatest effect on them.
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.
Which President gave tax breaks to companies and wealthy people?
Only Congress can make changes in the tax code. Until there was an income tax, no individuals were taxed on their incomes, so you might say that all the presidents before Woodrow Wilson gave tax breaks to wealthy people.
What do wealthy people wear?
clothes of course. the wealthy people are not different from all other people around the world. the only difference might be that the wealthy people wear designer clothes for instance.
why might some people oppose the use of hemp fibres?
they contain traces of cannabis
Who sponsored the gladiator festivities?
The state and wealthy people sponsored gladiator games. A wealthy citizen might sponsor a gladiator game to celebrate or as a tribute to the deceased.
Why do some born again Christians oppose a homogeneous society?
Christians might oppose a homogeneous society, which are groups of people that have common ties with race, ethnic or religious backgrounds, because of the way they were raised and their beliefs.
Is Holland wealthy?
Yes, I think Holland might be wealthy for that part of our world. The people that I have met seem to be well off in their clothing, style and education. Like all places, there will always be poor people if for nothing more than they have made this choice. What is Wealthy, depends on who you talk to and what country you visit.
What are two arguments for those that oppose leveraged buyouts?
give two arguments that those who oppose LBOs might use
Why are people against cloning?
Some people are worried that cloning technology might eventually be used for immoral purposes. People might, in theory, be mass-produced as slaves or soldiers. People could be cloned as a source of spare organs for the wealthy.
Who might oppose the world trade organization?
The United States
