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.
This is a fixed rate (proportional) tax, not a regressive tax.
progressive shared
A tax that charges more to those with lower incomes
The federal income tax is progressive A tax that charges more for higher incomes
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.
regressive
Regressive
A regressive tax is a rate of tax that falls as the income rises.
The benefits-received principle justifies a regressive tax.
The Social Security tax cap for 2001 was $80,400.
does Mississippi Tax Social Security Income
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.