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What happens when your taxable income falls in the lowest tax bracket?
It means that you will owe no income tax.
What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?
the percentage of tax rises
What happens to the percentage of tax as the income that is taxed rises and the tax is proportional to one?
The tax states the same
What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?
The percentage of tax stays the same.
What happens to government revenues when the government tax base is increased?
When the government tax base is increasedgovernmentrevenues will increase.
Both the increased spending by the national government and the nationally imposed income tax?
Both the increased spending by the national government and the nationally imposed income tax
What happens when your taxable income falls in the lowest tax bracket?
It means that you will owe no income tax.
What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?
the percentage of tax rises
What happens to the percentage of tax as the income that is taxed rises and the tax is proportional to one?
The tax states the same
What changes are there to the California income tax rate from 2010 to 2011?
The income tax rate in California has slightly increased between the years 2010 and 2011. Currently the new income tax has raised to around five percent.
Which president increased top marginal income tax rates?
Franklin roosevelt
What happens to net personal income when government lowers taxes?
your net income increases, but your income tax decreases
What happens to net personal income when the government lowers taxes?
your net income increases, but your income tax decreases
What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?
The percentage of tax stays the same.
What happens if you land on income tax in monopoly?
It depends what rules you play by. Either you pay the income tax to the bank or you pay it to free parking.
What happens if your taxable income falls in the lowest tax bracket?
you are not eligible for the earn income credit
What happens if you pay your income tax late?
pay interest but no penalty
