0
What else can I help you with?
What type of tax is one that takes a smaller percentage of income from high-income people than from low-income people?
A regressive tax is one that takes a smaller percentage of income from high-income people than from low-income people. In a regressive tax system, as income increases, the percentage of income paid in taxes decreases.
What type of tax is one that takes a smaller percentage of income from high income people than from low income people?
Regressive.^_^=
What type of tax is one that takes a smaller percentage of income people than from low income people?
Regressive tax. E.g. value added tax
What type of tax takes a larger percentage of wealthier taxpayers' income and a smaller percentage of the income of those who earn less?
A progressive tax takes a larger percentage of income from wealthier taxpayers and a smaller percentage from those with lower incomes. This system is designed to reduce income inequality by imposing higher rates on higher income brackets, while lower earners benefit from lower rates. Income tax is a common example of a progressive tax structure.
What type of tax is one that takes a smaller percent age of income from high-income people than from low-income people?
Probably a regressive tax, but also unfair, immoral, and probably Republican written.
What created the income on tax?
Your question is backwards. There is no income on tax. However, there is a tax on income. This is known as income tax. Income tax is a system created by the government that takes a percentage of your income out of your check based on how much money you earn. Generally speaking, the higher your income, the higher the percentage of it the government takes.
Tax that takes a percentage of a person's earnings?
Income Tax
Is the best definition of a progressive tax system?
a tax system that takes a larger proportion of income from high-income people than from low-income people
What taxes takes the same percentage of income from everyone regardless of their earnings?
A flat tax.
Tax takes the same percentage of income from everyone regardless of their earnings?
Fair tax
Is food cheap in New York?
This depends where you are comparing it to and the percentage of your income it takes to buy an item.
Is a flat tax propertional tax?
Yes. It takes an equal percentage from everyone's income regardless of wealth.
