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4 September, 22:43

What type of tax is an income tax?

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  1. 4 September, 23:14
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    Income tax brackets are progressive, meaning that the greater the income, the higher the rate of taxation. An income tax is a tax imposed on individuals or entities that varies with respective income or profits. Income tax generally is computed as the product of a tax rate times taxable income. Federal income taxes are used to provide for national programs such as national defense
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