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13y ago

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Describe the difference between a regressive tax system and a progressive tax system and the state the principle that supports each one?

A Regresssive tax system is when a larger percantage frome the income from low-income people than the income of high-income people


What is the principle that justifies a progressive tax?

The principle that justifies a progressive tax is the ability-to-pay principle, which posits that individuals should contribute to government revenue based on their financial capacity. This means that those with higher incomes can afford to pay a larger percentage of their earnings without compromising their basic needs, thereby promoting fairness and equity in the tax system. Progressive taxation aims to reduce income inequality by redistributing wealth and providing funding for public services that benefit society as a whole.


What is a progressive tax structure?

What is Progressive Tax Structure


Is gasoline tax progressive?

No. Most gasoline tax in not progressive. It is a tax per gallon.


What is the tax stratagy where the consumer pays a higher tax rate as income increases?

a "progressive tax" A "progressive" tax system. == ==


Is an income tax a progressive shared proportional or regressive tax?

progressive shared


The federal income tax is a?

progressive tax


The federal income tax is a _____.?

progressive tax


What type of tax is the federal income tax?

progressive tax


Is the federal income tax proportional progressive or regressive?

The federal income tax is progressive A tax that charges more for higher incomes


Which tax structure is used for federal income tax?

progressive tax


Does Barack Obama support taxes?

There is no such thing as "supports taxes" or "does not support taxes." Taxes are a fact of life, there is no way for Pres. Obama to not support taxes. President Obama supports a progressive tax, meaning rates are higher on the rich then the poor.