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A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
What countries practicing regressive tax?
the countries practicing regressive tax are japan, united states, china, Canada and Korea.
Why are some taxes considered to be regressive?
A tax is regressive if every member of the society has an equal burden of paying, despite wealth and income levels. The sales tax is considered regressive because everyone, from the wealthiest to the most destitute, pay the same rate.
What is the principal that justifies regressive tax?
the benefits received principle
Is the sales tax progressive or regressive?
regressive
Is payroll tax regressive or progressive?
Regressive
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
What kind of tax is the sales tax?
Regressive tax
What kind of tax is sales tax?
Regressive
Is a tax where every one pays the same percentage regressive?
regressive.
Is a benefit principle of taxation an example of a progressive tax or regressive tax?
It would depend on the type of structure of the taxation. Take Mr. Cain's 999, it is an expample of a regressive taxation princeple. The higher income folks pay less and the middle and poor pay more. Study it, you will see.
What countries practicing regressive tax?
the countries practicing regressive tax are japan, united states, china, Canada and Korea.
With this tax the tax rate decreases as the tax base increases?
Regressive
