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What else can I help you with?
Is a tax where everyone pays the same percentage a regressive or progressive tax?
Neither, a tax in which everyone pays the same percentage is called a flat tax.
What is a taxation strategy where everyone pays the same dollar amount regardless of income?
A taxation strategy where everyone pays the same dollar amount regardless of income is a?
What is the name of the tax where everyone is taxed the same?
This type of tax is a called a 'flat' rate tax. This means that everyone must pay the same percentage of tax, but how much you actually pay depends on income and usage levels.
Why are some taxes considered to be regressive?
A tax is regressive if every member of the society has an equal burden of paying, despite wealth and income levels. The sales tax is considered regressive because everyone, from the wealthiest to the most destitute, pay the same rate.
What is a proportional tax?
a tax system in which everyone pays the same percentage of their income no matter how little or how much they make
Is an Excise Tax a regressive tax or progressive tax?
Excise taxes are regressive taxes. Say a rich person and a poor person buy the same amount of cigarettes and pay the same cost (the excise tax does not change with income level). The tax assesed on the cigarettes represents a larger percentage of the poor person's income than the rich person's income, hence a regressive tax model.
What type of of tax is sales tax?
It depends how you look at it.I believe its considered regressive based on income... Assume everyone spends the same amount of money on taxable goods... A poor person would pay a higher percentage of their income in taxes.It's proportional based on expenditures, but regressive compared to income levels.
What is proportional taxes?
a tax system in which everyone pays the same percentage of their income no matter how little or how much they make
A taxation strategy where everyone pays the same percentage amount regardless of income is a strategy called what?
The so-called Flat Tax.
Distinguish between proportional tax and progressive tax?
A proportional tax takes the same percentage of income no matter your income level. A progressive tax, on the other hand, takes a larger percentage of income as your income increases. An example of a proportional tax is the Medicare tax (everyone pays 1.45% of all income), while the U.S. income tax is an example of a progressive tax (higher incomes get bumped into higher tax brackets). Many people believe sales taxes to be proportional because everyone pays the same rate, but because sales taxes only apply to spending rather than overall income they almost always turn out to be regressive.
Why in these days TV serials are regressive?
Presuming you are Indian and asking about Indian TV serials (because only Indian TV serials has become more and more regressive now a days), I have the same question. I too hate those pathetic regressive Indian TV serials depicting mother-in-law and daughter-in-law stories.
Is medicare portion of FICA progressive or proportional?
The medicare tax is 1.45% of income (with another 1.45% paid by the employer). This same tax rate applies to every dollar of income, hence it is proportional. It's also regressive - it impacts low-income wage earners more than high-income wage earners.
