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As they had little income they might not have any tax to pay at all.
Note: in the 1940s if your only income was in wages all you needed to do to file your income taxes was to add the amounts of income listed on your W-2s on the back of one of W-2 and mail that W-2 into the IRS. They took it from there. You did not need a 1040 or any other forms. As usually only the rich had any investments or enough savings to have a taxable amount of interest, almost everyone needed no tax forms other than the W-2s their employer sent them to do their taxes.
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Why did progressives want a national income tax?
to help the poor, Progressive reformers called for a constitutional amendment to legalize a graduated income tax.
What part of Constitution created the income tax?
Income tax is not in the constitution.
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.
When was federal income tax initiated?
Income tax was instituted on July 01, 1913
Who provided graduated income tax?
It was the Roman Republic which provided graduated (progressive) income tax.
Why was the idea of an income tax popular with the poor?
The idea of a progressive income tax is popular with most people because as someone gets more out of society, it is thought they should return more. The idea of an income tax in and of itself is not popular with the poor.
Why was the idea of an income popular with the poor?
The idea of a progressive income tax is popular with most people because as someone gets more out of society, it is thought they should return more. The idea of an income tax in and of itself is not popular with the poor.
What was one action that progressive's took to help poor people?
One action that progressives took to hellp poor people is work for a national income tax.
What is the difference between Accrued income tax and deferred income tax?
we dont have an idea either. thanks wharton
What was one action that Progressives took to help the poor people?
Worked for a national income tax >apex
Why did progressives want a national income tax?
to help the poor, Progressive reformers called for a constitutional amendment to legalize a graduated income tax.
What are the effects of tax on in com distribution?
There are two types of tax that is related to income equality: Regressive tax: The tax as a percentage of your income decrease as your income rises. Example includes VAT (Value Added Tax) where the burden of the tax falls more heavily onb the poor than to the rich. Therefore it increases the income inequality. Progressive tax: The tax as a percentage of your income increases as your income rises. Example includes income tax where as your income rises, the tax percentage increases. Therefore, it creates more income equality.
Is there an income tax calculator on Turbo Tax's website?
Since Turbo Tax is a popular website to file taxes fast and electronically, their is certainly an income tax calculator to give you an estimate on how much in income taxes you will have to pay.
Is an Excise Tax a regressive tax or progressive tax?
Excise taxes are regressive taxes. Say a rich person and a poor person buy the same amount of cigarettes and pay the same cost (the excise tax does not change with income level). The tax assesed on the cigarettes represents a larger percentage of the poor person's income than the rich person's income, hence a regressive tax model.
What was one action progressions took to help poor people?
Progressives worked for a national income tax to help poor people.
Where can I get Income Tax Software?
Most tax software offer a section on income. Try a popular tax software such as Turbo Tax. This software is often free or offers a free trial period.
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.
