regressive tax
a tax system that takes a larger proportion of income from high income people than from low income people
› TAX a type of tax in which people with high incomes pay less tax as a percentage of their income than those people with low incomes:
average incomes aren't different for gay people.
In a third world country people have low incomes.
Most economists believe that a sales tax increase affects low-income individuals the most. This is because low-income individuals tend to spend a larger percentage of their income on goods subject to sales tax, making the overall tax burden feel heavier for them compared to higher-income individuals.
their wants grow with their income
a tax system that takes a larger proportion of income from high-income people than from low-income people
Yes, retired people still have incomes (usually) and therefore still file income tax returns.
Income tax brackets are used to determine the amount of tax individuals owe based on their income level. The purpose of these brackets is to ensure that people with higher incomes pay a higher percentage of their income in taxes, while those with lower incomes pay a lower percentage. This helps to create a fair and progressive tax system.
Authorized the federal government to clear slums and to build 810,000 units of low-income housing, or housing subsidized by the federal government for people earning small incomes
People from almost all backgrounds, careers, lifestyles, and incomes may buy an iPod at one point or another. Income does not affect whether you get an iPod or not unless you have an extremely low income or none at all. This is not saying that people with good incomes have iPods, but that they are capable of obtaining one. The income range could be from a teenager making $1,000 USD per year to a Multi-millionare CEO of a worldwide company.
No, not at all. Low income housing is just that. People with low incomes can apply at low income housing facilities. You can get a list of these in person only at your local housing department.