Ask Question
BusinessBusiness
6 November, 07:39

The federal income tax is described as a progressive tax system because

+3
Answers (1)
  1. 6 November, 08:24
    0
    The federal income tax is described as a progressive tax system because: individuals who make more money, pay more taxes.

    With this taxation income, the government are planning to spread the wealth in the country and used the excess of money from the upper income bracket to support those in the lower bracket
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The federal income tax is described as a progressive tax system because ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The stages of the product life cycle are: a. production, inventory, exchange, usage, and disposal. b. conception, testing, production, commercialization, and obsolescence. c. introduction, growth, maturity, and decline. d.
Answers (1)
Rust Pipe Co. was established in 1994. Four years later the company went public. At that time, Robert Rust, the original owner, decided to establish two classes of stock.
Answers (1)
The main difference between CPM and PERT is a. the use of different activity time estimates. b. PERT analysis is less expensive to conduct. c. PERT lends itself to computerization while CPM networks must be constructed manually. d.
Answers (1)
Problem 12-04A a-b At April 30, partners' capital balances in Ivanhoe Company are G. Donley $48,000, C. Lamar $48,000, and J. Pinkston $15,000. The income sharing ratios are 5 : 4 : 1, respectively.
Answers (1)
Cindy has pumped over $850,000 into a small business that has consistently lost money every year it has been open.
Answers (1)
New Questions in Business
What is the par value for an ingredient?
Answers (1)
What is the second rule of risk management
Answers (2)
A typical high-income household in 1980 earned $125,556. a similar household in 2009 earned $180,001. what was the relative increase in income for these households from 1980 to 2009? round to the nearest one percent. incorrect%
Answers (1)
The phrase to "design the rules of the game without specifying the actions of the players" refers to what type of manager? a. Keeping tabs b. Individuals over teams c. Controllers d. Enablers
Answers (1)
How can cybercriminals harm a person whose personal information they have stolen?
Answers (1)
Home » Business » The federal income tax is described as a progressive tax system because
Sign Up Forgot Password?