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What is proportional tax and what is regressive tax and an example of each?

A tax that charges more to those with lower incomes


When was Incomes Data Services created?

Incomes Data Services was created in 1966.


What is the relationship between lifestyle and incomes?

The relation ship between lifestyle and incomes are Incomes is the money you earn if you you have to much it si hard to keep track of it.


What is an example of the ability to pay principle?

Example, in the United States in 2010, a tax rate of 10% applied to incomes between $0 - $8,375; the tax rate increased incrementally up to 35% for those whose incomes were $373,651 or greater (these figures are based on single filers). Critics of ability-to-pay taxation state that the progressive tax reduces the incentive to earn more money, and penalizes those whose hard work and ingenuity have helped them earn higher incomes.


Suppose that US incomes rise relative to British incomes Then?

The dollar will depreciate and the pound will appreciate.


What a boom phase in a capitalist economy?

Employment, profits, and incomes are high.Employment, profits, and incomes are low


Why are Americans taxed in proportion to their incomes?

The ability-to-pay principle of taxation states that people with higher incomes have a greater ability to pay taxes than people with lower incomes.


What did the union government tax in order to help meet the cost of war?

Individual's Incomes


What reflects a boom phase in capitalist economy?

Employment, profits, and incomes are high.Employment, profits, and incomes are low


Can two people get a loan using both incomes?

IF they want to be co-borrowers they can use both incomes to purchase.


Can you lose your food stamps by getting married?

It depends on How much both incomes equal, if there are two incomes.


What are a few types of investment income?

There are several different types of investment incomes. There are Predictable Investment Incomes, Variable Investment Incomes, and Guaranteed Investment Incomes.