Government

posted by .

Explain progressive and regressive taxes.

  • Government -

    I'll be glad to comment on your answer.

  • Government -

    A progressive tax is a tax whose rate increases as the payers income increases? if individuals who earn high incomes have a greater proportion of their incomes taken to pay the tax?

    A regressive tax is one whose rate increases as the payers income decreases?

  • Government -

    Right. Also, a regressive tax takes proportionately more from low income people than from higher income people.

  • Government -

    thank you.

  • Government -

    You're welcome.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics

    Which combination of fiscal policy actions would be most stimulative for an exonomy in a deep recession?
  2. government

    another term for appropriations is a. deficit spending b. spending bills c. progressive taxes d. entitlements c
  3. economics

    in the nation of mortorania,taxpayer A earns $40,000 and pays $40,000 in taxes while taxpayer B earns $80,000 and pays 6,000 in taxes.is the tax system of mortorania progressive, proportional (flat), or regressive?
  4. Government

    1. Both corporate and individual income tax rates are set at ______ rates. a. high b. low c. progressive d. regressive I think it's C?
  5. Government

    The government's practice of spending more than it takes in results in: a. greater dependence on regressive taxes than progressive taxes. b. deficit financing c. low interest rates d. longer fiscal years I think it's B?
  6. Government US

    Democrats in Washington have usually responded to high levels of unemployment with b. increased government spending. c. increased government taxes. d. decreased government taxes. e. decreased government regulation.
  7. Texas Government

    Texas's tax structure is highly progressive compared to that of other states. Yes No N/a I would say No. It is rather regressive correcT?
  8. Taxes

    In the US, we have a progressive tax system, which means higher incomes are taxed at a higher rate. But capital gains are not - they are taxed at a flat rate of 15%. This is an example of an institution, a formal "payment" rule, that …
  9. English

    Choose the progressive or emphatic verb tense that is used in each sentence. 18.Ms. Palmer has been organizing the class schedules for us. present perfect progressive past progressive present progressive 19.We had been listening to …
  10. English

    Select the correct verb tense used in the sentences below That company has been making surfboards since the 1960's present perfect progressive present progressive*** past perfect progressive past progressive We had been listening to …

More Similar Questions