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∙ 7y agofalse
Kody Nienow
The federal income tax is progressive A tax that charges more for higher incomes
A regressive tax is one which doesn't charge more according to more wealth. A good example is the UK's community charge 1990-3 which charged a set amount per person, which was very expensive the poorer you were.
Yes, military pensions are considered taxable income in the United States. Just be sure what you are receiving is actually a pension payment and not a compensation payment, which is not taxable.
The Highest percentage income tax in the year of 1918 was 77%
What was the highest percentage income tax being paid in 1918
false
False
A regressive tax is one that takes a smaller percentage of income from high-income people than from low-income people. In a regressive tax system, as income increases, the percentage of income paid in taxes decreases.
It depends how you look at it.I believe its considered regressive based on income... Assume everyone spends the same amount of money on taxable goods... A poor person would pay a higher percentage of their income in taxes.It's proportional based on expenditures, but regressive compared to income levels.
A progressive tax is defined as a tax whose rate increases as the payer's income increases. That is, individuals who earn high incomes have a greater proportion of their incomes taken to pay the tax.A regressive tax, on the other hand, is one whose rate increases as the payer's income decreases.
Regressive.
Regressive
Regressive. (:
Regressive.^_^=
it is tha strategy that governs tax increases proportionally with taxable income. the higher your taxable income the higher tax percentage you will pay.
Taxes are classified as proportional, progressive or regressive. ÊProportional tax requires individuals to pay a fixed percentage of income no matter their level of income.ÊProgressive tax is one that increases with an increase in income, whereasÊregressive tax decreases asÊthe amount Êbeing taxed increases.
Regressive tax. E.g. value added tax