Explain how you would determine whether a tax schedule is progressive or regressive?
-
Explain how you would determine whether a tax schedule is progressive or regressive?
Homework Answers
If tax rate increases with the increase in the amount that is subjected to taxation, then it is progressive tax schedule, If tax rate applied, decreases with increase in the amount that is subjected to taxation, then it is regressive tax schedule. For example, for taxable income up to $25000 the tax rate is 25%. If the tax rate is 20% for the income from $25001 to $50000, then it is regressive tax schedule as tax rate decreases from 25% to 20%.
Though, if tax rate increases from 25% to 30%, for the income from $25001 to $50000, then it is progressive tax schedule. here, tax rate increases from 25% to 30%.
Add Answer to:
Explain how you would determine whether a tax schedule is
progressive or regressive?
Identify whether the scenarios below are examples of regressive or progressive taxes. A sales tax on...
Identify whether the scenarios below are examples of regressive or progressive taxes. A sales tax on food and clothing. An additional sales tax on cars bought for over $50,000. A flat rate income tax of 20%, with no additional tax being paid on earnings above $1,000,000. An income tax system using tax brackets, where the percentage tax rate increases with income. A fixed poll tax on citizens and residents.
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive...
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy’s built-in stability?
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive...
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built-in stability? Essay Toolbar navigation В І s 를 들 A A
What is the difference between a progressive versus regressive tax. Give examples of both?
What is the difference between a progressive versus regressive tax. Give examples of both?
What is the difference between a progressive tax and a regressive tax? Give an example of...
What is the difference between a progressive tax and a regressive tax? Give an example of each. percentage of their incomes in tax than do people with higher incomes, and a regressive tax is a tax for A progressive tax a tax for which people with lower incomes pay a which people with lower incomes pay a percentage of their incomes in tax than do people with higher incomes. higher lower Assume the market for labor is initially in equilibrium....
thank you guys The Social Security Tax is Progressive Regressive Flat Flat to a limit, then...
thank you guys
The Social Security Tax is Progressive Regressive Flat Flat to a limit, then regressive Question 10 (5 points) Although C comprises about 68% of GDP, why is not the "drivers of the business cycle? OC is stable over time OC fluctuates too much to be accurate OC tends to decline in expansion phases O C is unreliable Question 11 (5 points) Why does Federal Government spending stimulate the economy in recessions? The spending fools people into spending...
Need help with Tax problems. Understanding taxes In general, is the U.S. federal tax system progressive...
Need help with Tax problems.
Understanding taxes In general, is the U.S. federal tax system progressive or regressive? O Progressive Regressive You bought 1,000 shares of Tund Corp. stock for $68.12 per share and sold it for $90.03 per share after a few years How will your gain or loss be treated when you file your taxes? O As a capital gain taxed at the long-term tax rate O As a capital gain taxed at the current ordinary-income tax rate...
does a progressive tax system by itself guarantee that resources will be redistributed from the rich...
does a progressive tax system by itself guarantee that resources will be redistributed from the rich to the poor? Explain. is the tax system in the united states progressive, regressive or proportional? does the tax spending in the united States redistribute resources from higher income earners to lower income earners?
Vervet County levies an income tax based on the following schedule. Income Tax Rate 10,000 15%...
Vervet County levies an income tax based on the following schedule. Income Tax Rate 10,000 15% 50,000 20% 100,000 40% Which type of rate structure does this tax use? Proportionate Regressive Progressive Dual-bracket
8. The tax system Understanding taxes In general, is the U.S. federal tax system progressive or...
8. The tax system Understanding taxes In general, is the U.S. federal tax system progressive or regressive? O Regressive O Progressive You bought 1,000 shares of Tund Corp. stock for $68.12 per share and sold it for $90.03 per share after a few years How will your gain or loss be treated when you file your taxes? O As a capital gain taxed at the long-term tax rate O As a capital gain taxed at the current ordinary-income tax rate...
Identify whether the scenarios below are examples of regressive or progressive taxes. A sales tax on food and clothing. An additional sales tax on cars bought for over $50,000. A flat rate income tax of 20%, with no additional tax being paid on earnings above $1,000,000. An income tax system using tax brackets, where the percentage tax rate increases with income. A fixed poll tax on citizens and residents.
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built-in stability? Essay Toolbar navigation В І s 를 들 A A
What is the difference between a progressive tax and a regressive tax? Give an example of each. percentage of their incomes in tax than do people with higher incomes, and a regressive tax is a tax for A progressive tax a tax for which people with lower incomes pay a which people with lower incomes pay a percentage of their incomes in tax than do people with higher incomes. higher lower Assume the market for labor is initially in equilibrium....
thank you guys
The Social Security Tax is Progressive Regressive Flat Flat to a limit, then regressive Question 10 (5 points) Although C comprises about 68% of GDP, why is not the "drivers of the business cycle? OC is stable over time OC fluctuates too much to be accurate OC tends to decline in expansion phases O C is unreliable Question 11 (5 points) Why does Federal Government spending stimulate the economy in recessions? The spending fools people into spending...
Need help with Tax problems.
Understanding taxes In general, is the U.S. federal tax system progressive or regressive? O Progressive Regressive You bought 1,000 shares of Tund Corp. stock for $68.12 per share and sold it for $90.03 per share after a few years How will your gain or loss be treated when you file your taxes? O As a capital gain taxed at the long-term tax rate O As a capital gain taxed at the current ordinary-income tax rate...
8. The tax system Understanding taxes In general, is the U.S. federal tax system progressive or regressive? O Regressive O Progressive You bought 1,000 shares of Tund Corp. stock for $68.12 per share and sold it for $90.03 per share after a few years How will your gain or loss be treated when you file your taxes? O As a capital gain taxed at the long-term tax rate O As a capital gain taxed at the current ordinary-income tax rate...
Most questions answered within 3 hours.
-
The tires of a car make 61 revolutions as the car reduces its
speed uniformly from...
asked 2 minutes ago -
Peabody, Inc., sells fireworks. The company’s marketing director
developed the following cost of goods sold budget...
asked 7 minutes ago -
A signal transduction pathway includes the steps listed
below.
1. An inactive signal transduction molecule is...
asked 6 minutes ago -
1. The correlation coefficient determined for two variables has
a value of 0.89. Describe, in words,...
asked 12 minutes ago -
The following data relate to direct materials costs for
November:
Actual costs
4,700 pounds at $5.35...
asked 10 minutes ago -
Kyle, a 95.0 kg football player, leaps straight up into the air
(with no horizontal velocity)...
asked 34 minutes ago -
Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales...
asked 37 minutes ago -
Find the total pressure exerted by 2 grams of ethane and 3 grams
of CO2 contained...
asked 38 minutes ago -
A fireman standing on a 5.2 m high ladder operates a water hose
with a round...
asked 34 minutes ago -
A cream formulation is studied for accelerated stability study.
Creaming was observed when formulation was tested...
asked 37 minutes ago -
A 1,150 lumen light bulb is placed 37 cm in front of a mirrored
wall, whose...
asked 48 minutes ago -
Given that z is a standard normal random variable, compute the
following probabilities (to 4 decimals)....
asked 54 minutes ago