answersLogoWhite

0

Social Security Taxes are a Proportional Tax. A Percentage of a person's income is paid to Social Security, this is half of the total amount paid to them, the Other half of a person's Social Security Tax is paid by the Employer.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Why is a 5 percent sales tax on gasoline regressive?

This is a fixed rate (proportional) tax, not a regressive tax.


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

progressive shared


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

A tax that charges more to those with lower incomes


Is the federal income tax proportional progressive or regressive?

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


What are three types of tax structures?

Three types of tax structures are progressive, regressive, and proportional. Progressive taxes increase as income levels rise, regressive taxes impose a greater burden on low-income individuals, and proportional taxes apply the same tax rate to all individuals regardless of their income level.


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.


What is the principle that justifies a regressive tax?

The benefits-received principle justifies a regressive tax.


What was the Social Security tax for 2001?

The Social Security tax cap for 2001 was $80,400.


does Mississippi Tax Social Security Income?

does Mississippi Tax Social Security Income


Proportional Progressive Regressive Which one should be adopted into the US and why?

This question is totally a matter of opinion. Most economists say that a progressive tax structure is the most effective while some others suggest that a proportional is not only better, but also more moral. Almost every economist would agree that a totally regressive tax structure is bad.

Trending Questions
Which way should you turn your wheels when parking facing uphill where the curb where there is a curb? Will i pass a NCIS background check if my record was expunged in Indiana? What's the difference between divorce and legal separation? Your husband is currently incarcerated in Arizona. What rights do you have if your husband's child with another woman is taken into custody in Arizona by Child Protective Services? What are the implications for citizenship after divorce? What are the legal requirements and procedures covering confidentiality data protection and the disclosure of information? Can a 17 year old be charged for endangering the welfare of a child for punching a 16 year old at a party? Four levels of sanction that can be applied to plant operators? What can I when a person forged my name on my checks? What happened to Jesse Combs on Extreme 4x4? Can you repo a central heating and air unit? Is it legal for 15 year old to date a 27 year old? How old do you have to be to take drivers ed in north carolina? What article let congress created this but not pay for it? Do you need a title company to submitt a title search to apply for a deed? When was th U.S Constitution drafted? Can a girlfriend take possession of the boyfriends home if they are not married but have kids.? What theory states that a nation could increase its wealth and power by obtaining as much gold and silver as possible? The House Administration Committee approves offices space for House members true or false? What are the three types of members in the legislative assembly?