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Earn +20 ptsQ: What does capital income mean?
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What is mean by professional income?
That might depend on the context, but presumably it refers to income you get from professional work.
What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?
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.
What does this mean what side of the street do you come from?
In my youth it meant lower income on my side, and on the other side it meant a high wall and much higher income.
What does equivalent income mean?
It means the same financial gain that a person gets.
What is the tax on 1million five hundred and fifty-three thousand five hundre sixty- five dollars?
The answer depends on what the money is (income, inheritance, capital gains) and the tax jurisdiction.
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