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I'm not sure I understand this question correctly??? But....
Currently in the US the income tax policy is that of a Progressive Tax. It is called this because of the many brackets and progressivity of this system. This system dishes out special preferences/treatment to certain income individuals. On top of the brackets (which really are the most complicated part of this system) there are credits and deductions. A tax payer can apply for a certain credit while filing their tax form and if they qualify they get a certain deduction on their taxes. This source of taxation amounts for about 45% of the governments revenue.
Payroll taxes are the taxes you pay on insurance, student loans, Social Security, railroad retirement, etc etc. This source of taxation amounts to 36% of government revenue.
There are many advocates for a Flat Tax, which is taxing Americans the same way as a progressive tax in a simpler easier way on a single flat rate. Example: Taxing every American at a flat rate of 17%. Many many countries have adopted this method of taxation especially in recent years. A Flat Tax would boost the economy but could put a tax burden on poorer, lower income people who do not currently pay taxes. I'll let you take that as a disadvantage or advantage as you may. This is currently just an idea, not an actually existing tax system in the US.
There are also just as many advocates for the Fair Tax which is a tax on consumption products. There is currently a small tax of this sort, in place, but it is not our main source of revenue. This brings in about 12% of revenue. (there is another 7% of revenue in Excise and other taxes)
Hope I helped and made sense. =) God bless.
Keep this country in your prayers, we are going downhill fast!!!
What else can I help you with?
Why do governments in democracies often adopts unnecessary economic policies?
k
The use of taxing and spending powers to shape the economy?
The use of taxing and spending powers to shape the economy is commonly called fiscal policy. This type of policy influences macroeconomic conditions.
What economic policy is about taxing and spending?
Fiscal policy is about taxing and spending.
Is an example of the time lag disadvantages of fiscal policies?
state and local governments deciding to make spending cuts during a recession
What is an example of the time lag disadvantage of fiscal policies?
state and local governments deciding to make spending cuts during a recession
Who intended to frighten governments into changing their policies?
Terrorists usually intend frightening governments into changing their policies.
Who pays the governments expenses?
The government pays its expenses from the revenue it obtains through taxing the people it governs.
What policies of new Southern state governments angered Congress?
The policies of new Southern state governments that angered Congress were the black codes.
Is not a concurrent power shared by the federal and state governments?
Granting citizenship
What were Germany's policies?
Germany has had many governments and numerous diverse policies throughout its history.
What institution does society create to carry out policies?
Governments
What institutions society create to carry out policies?
Governments
Why do governments in democracies adopt such economic policies?
k
Should governments be changed just because you don't agree with their policies?
NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO,NO
Why do governments in democracies often adopts unnecessary economic policies?
k
What are income tax authorities?
Income-taxing authorities are any entity to which the law imputes the right and power to collect income tax. These are the federal government, State governments, and local or municipal governments, where the grants of this power are made by the State to the local or municipal governments, and not simply exercised by local and municipal governments on behalf of the State.
What is the relationship between the powers of government and the policies that governments create?
the relationship is all about them being able to keep making policies
