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Concept, POOR pay none or very little and the rich pay a bunch.
In law, The system is that the Poor pay very little and as your personal income increases your tax bill increases in step. At a certain point the increases stop and you are billed at the maximum rate. In Ontario Canada the maximum rate is targeted to be 50%
How it actually works is the Middle Class, 70% of the population pay 50% and the very rich and very poor pay much less.
What else can I help you with?
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
A tax in which the percentage increases as income increases?
A progressive tax.
What is a tax that increases in proportion to one's income?
A progressive tax.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
The federal income tax is a?
progressive tax
The federal income tax is a _____.?
progressive tax
Is the federal income tax proportional progressive or regressive?
The federal income tax is progressive A tax that charges more for higher incomes
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
What 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
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
