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What is a social disadvantage of the HST?
The HST is a consumption tax that applies to a wide range of goods and services, and it typically imposes a uniform rate on everyone, regardless of their income level. The social disadvantage arises because consumption taxes like the HST tend to place a proportionately higher burden on lower-income individuals and families. This is because those with lower incomes spend a larger portion of their earnings on goods and services subject to the tax, whereas higher-income individuals can save or invest more of their income, reducing the percentage of their income that goes towards taxed consumption. As a result, the HST can contribute to income inequality by disproportionately affecting those who can least afford it. This can exacerbate social and economic disparities by reducing the purchasing power of low-income households and potentially widening the wealth gap in society. To mitigate this disadvantage, policymakers may implement measures such as exemptions, rebates, or targeted credits to lessen the impact of consumption taxes on vulnerable populations.
What is the cost to the tax payers annually to nasa?
Depends on your income level. Generally much less than most people think. From $0.35 ($1 - $5000 annual income) to $17,445.67 ($10 million annual income) Check out the related link below.
What is the monthly income of an astronaut?
$15.75 an hour with a chance for a $2.50 raise upon first mission above Earth's atmosphere. Paid travel expenses, basic medical and dental. Usually 8-4 M-F. Work on weekends is sometimes required. 2 weeks paid vacation and 5 sick days a year.
Where does the money come from that pays for the NASA Program year after year?
The simple answer is 'our taxes' Certain taxes are used for specific purposes such as the gasoline tax which is dedicated to road construction and repair. But a great deal of tax monies especially income tax is used wherever the government sees fit.
What is the net income of mars inc?
MARS INC is private family company. and the owners not revealing this data
What is meaning of annual income?
'Annual income' is the total amount of money you earn in one year.
What is the income of a Hairdresser?
what is the income for a hairdresser every year
Cumulative earnings over three years?
Earnings = Net Income. Cumulative Earnings over three years is the net income of each year added together. Year 1 Net Income Year 2 Net Income + Year 3 Net Income = Cumulative Earnings
Provision for Income Taxes do you need it to calculate times interest earned?
All interest income for the year is added to all of your other gross worldwide income for the year and reported on your 1040 income tax return for the year.
What is the medium income in Australia?
The median income in Australia is around 35,000 dollars a year. This is similar to what the median income in the US is, at 49,000 dollars a year.
If half of the year you were employed and now you are receiving ssi income how will you file for income tax?
Normally. It makes no difference how or when during the year the income was made.
Which city has the highest per capital income in this world in the year 2007?
125,000,000 IN A YEAR MAKATI INCOME
What is the difference between financial year and assessment year?
financial year, is the given year where u have earned your income..This is a period used for calculating annual income on which you can calculate tax to be paid. Assessment year is the year in which the income earned is assessed. This is done for filing returns. In other words previous year is the year in which income is earned and following year is assessment year where u file your returns., based on the income what you have earned previous year. earned. Eg. AY 2007-08 and prev year is 2006-07.
Avarage income in California?
The average income in the state of California is close to $32,000 per year. The average household income is close to $65,000 per year.
What is will smiths income?
will's income is about 117 million in a year. well that's just this year anyway. 2008
Income Tax slab for assessment year 09-10?
income limit for assessment year 2009-10
Is money from 401k considered income for the year?
Withdrawals from 401k accounts are added to your general income for that tax year.
