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The percentage of an income that is taxed will stay the same when income rises until that income reaches a certain point set by the government. A higher tax bracket may mean a higher portion of the income will be taxed.

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What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?

The percentage of tax stays the same.


What happens to the percentage of tax as the income that is taxed rises and the tax is proportional to one?

The tax states the same


What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?

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What happens when domestic income rises?

What happens when domestic income rises?


What do you call a tax where the percentage of tax remains constant as income rises?

A tax system that maintains a constant percentage rate on income as it rises is commonly known as a "flat tax".


What are the effects of tax on in com distribution?

There are two types of tax that is related to income equality: Regressive tax: The tax as a percentage of your income decrease as your income rises. Example includes VAT (Value Added Tax) where the burden of the tax falls more heavily onb the poor than to the rich. Therefore it increases the income inequality. Progressive tax: The tax as a percentage of your income increases as your income rises. Example includes income tax where as your income rises, the tax percentage increases. Therefore, it creates more income equality.


As disposable income increases what happens to consumption spending?

Consumption also increases as disposable income increases.


What is the tax in which a percentage paid decreases as income increases?

The tax in which the percentage paid decreases as income increases is known as a regressive tax. In a regressive tax system, lower-income individuals pay a higher percentage of their income in taxes compared to higher-income individuals. Common examples include sales taxes and certain types of excise taxes, where the tax takes a larger proportion of the income of those earning less. Essentially, as income rises, the burden of the tax diminishes relative to total income.


What happens to demand for normal and inferior goods when there is a decrease in your income?

the demand for inferior goods varies inversely with income. If your income rises then the demand for rice will decrease. the demand for normal goods varies directly with income. If your income rises the demand for these goods will rise as well. Most goods are normal goods ie, cars, new homes, furniture, steaks, and motel rooms. Economics, Stephen L Slavin 10e


Is pizza a normal good if the demand for it increases as income rises?

Yes, pizza is considered a normal good if the demand for it increases as income rises.


If price rises what happens to supply for a product?

it rises


What happens to a bond's yield if the price of the bond rises?

it rises