Are progressive taxes the most equitable for all people?

Q: wealthy and poor actually pay lower taxes than the middle class and that a _______    Tax might be a…

A: 1) a) progressive

Q: What are the classifications of individual taxpayers?

A: An entity that is required to pay taxes to state, federal or government municipal body is known as a…

Q: 3. Identify the tax policy that you believe is the most important in today's society.

A: The tax policy which is most important in today's society is the equitable distribution of taxthe…

Q: how is the US income tax system unique?  Do you think it is good for tax payers?

A: The US Income Tax system is a robuts and strong system and the federal income tax is the largest…

Q: Can you give me an idea of how taxation is important in our lives?

A: Taxation is the process through which a government imposes a financial restriction or liability on…

Q: What is Capital Gains Tax and give examples?

A: Income tax:  It is the amount a person is liable to pay on the earned amount in an accounting year.…

Q: Explain this statement: Our tax rates are progressive.

A: The tax rate that increases with increase in the amount of taxable income (positive relationship) is…

Q: flat tax income tax property tax

A: A progressive tax is one in which the average tax burden grows in proportion to income.…

Q: II. How Sin taxes help the health of the people?

A: II.  Sin tax are imposed on the goods which are harmful for health ( such as alcohol, tobacco etc. )…

Q: This principle means that taxes are what we pay for a civilized society. a. Lifeblood doctrine b.…

A: a. lifeblood doctrine - emphasises that government needs the contribution of their citizens in order…

Q: Is it right to avoid taxes as much as you can?

A: Taxation- The laws and regulations that govern the financial services industry are referred to as…

Q: Which of the following statements is NOT true? A) A progressive tax system should increase the…

A: The progressive tax system is the tax system where the income of the people is taxed according to…

Q: Illustrate what is incremental tax rate?

A: Definition: Tax: Tax is the compulsory legal payment that is imposed by the government.…

Q: 1. What is Profession Tax and its examples?

A: Tax is the money to be used by government for the overall development of the nation. Tax may be in…

Q: What are the taxes and tax rates for individual taxpayers? Hope you can help me, thank you

A: Taxpayers are referred to as those individuals, or organizations who are obliged to pay the taxes to…

Q: 1. What is Donors Tax and give examples?

A: The Donor's Tax seems to be a tax on a donation or maybe even a gift that is levied on the…

Q: Taxes result in an excess burden or welfare loss, but government subsidies always result in a…

A:

Q: What is the American Opportunity tax credit?

A: For the first four years of higher education, the American Opportunity Tax Credit is a credit for…

Q: Using all the concepts discussed In this class, develop/create a tax system that can be used by a…

A: Answer:-  Tax meaning:- Tax is a sum of money that a government makes citizens to pay based on their…

Q: Vat tax - the popularity of this type of tax, the nature of this type of tax and the effect on…

A: Value Added Tax (VAT):  It is a consumption tax placed on manufactured goods, at whatever time value…

Q: 4. Why is real property tax a better tax than personal property?

A: Real property taxes are taxes levied on real property like commercial, industrial property ,…

Q: Explain progressive tax

A: Introduction: Tax is nothing but a compulsory fee or financial charge imposed on a person or on…

Q: Rich Americans have already paid income tax on the earnings that made them rich in the first place.…

A: Rich Americans are taxed on their wealth as well as their incomes. it should be noted that wealth is…

Q: tax essential for all of us

A: Tax is imposed by government on the income on the citizens if their income exceeds a definite limit.

Q: Is the corporate tax schedule progressive? Why or why not?

A: A tax schedule can either regressive or progressive. It depends upon how the scehdule has been…

Q: The government should tax itself? Yes or no

A: A tax is a sum of money that is must be paid to the government in order for it to provide public…

Q: Do you thinks taxes are moral? Explain your answers

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: Do you think

A: these are the following drawbacks of property taxes: Lower incentive to buy a home High property…

Q: Is the local property tax a regressive tax, or a progressive tax?

A: Progressive Taxes: Taxes that require high income groups to pay a larger percentage of income in…

Q: Explain the differences between something being tax-deferred or tax-exempt. Which retirement plan,…

A: Tax deferred savings plan:   A tax deferred savings plan refers to an investment account that allows…

Q: Marco Polo, How much is the total income not subject to tax?

A: Answer: The part of income that are exempted becomes the part of income which are not subject to…

Q: . What is Donors Tax?

A: Donor’s Tax is the tax imposed on the transfer of property as a gift between two or more persons who…

Q: rden. Equal tax burden

A: Tax refers to the amount which is paid by the taxpayer to the government authorities of the…

Q: *Manny Pacquiao’s case: Double taxation or not? Support your opinion.

A: Double taxation is referred to the situation, where an income is actually subjected to the tax…

Q: Why every person needs tax planning?

A: Tax planning is something by which an individual or any entity can plan out on how much tax it can…

Q: Basic community tax is an example of while income tax is a kind of O Privilege tax; capitation tax…

A: Basic community tax is an example of Privilege tax while income tax is a kind of Capitation tax.

Q: Which of the following taxes has a ceiling? Choose the best answer. Group of answer choices Both…

A: The following taxes are checked for their correctness to the above-defined concept.

Q: Assume that the United States Congress passes a tax law that provides for a "rebate" to taxpayers.…

A: In the United States, Article I, Section 8 of the Constitution gives Congress the power to "lay and…

Q: What is the general purpose of taxation in our society?

A: Tax is an enforced fee that is charged on individuals and organizations by government or its agency…

Q: Is taxing the rich better

A: Solution Tax                 Tax is the amount that is to be paid to the government or local…

Q: le ta

A: A middle tax break may be a reduction of a taxpayer’s total liability. The term is additionally…

Q: What is Community Tax and give examples?

A: Tax is an involuntary payment that is levied on the citizens of a nation by the government of the…

Q: Explain the following statement: Our tax rates are progressive.

A: Tax is imposed by government on an entity (tax payer) in order to raise fund for the public…

Q: What is Community Tax and its examples?

A: Solution-        Community Tax is a Chicago-based full-service tax company that focuses on serving…

Q: Is the 8% optional tax scheme always a better choice for a businessman or a professional? Explain.

A: Under the presumptive taxation theme, the minimum financial gain from the business is deemed to be…