1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alona [7]
1 year ago
9

If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is

Business
1 answer:
guajiro [1.7K]1 year ago
5 0

If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is  Progressive tax.

<h3>What is meant by progressive taxes?</h3>

The average tax burden rises with income under a progressive tax. Low- and middle-income taxpayers bear a disproportionately tiny amount of the tax burden, compared to high-income families. A tax system that raises rates as taxable income rises is known as a progressive tax. Taxes on investment income, interest income, rental income, estates, and tax credits are a few examples of progressive taxes.

Based on the amount of tax you must pay relative to your income, taxes can be classified as regressive, proportional, or progressive. As your income declines, regressive taxes force you to pay a bigger proportion of your individual income in taxes. Tax reductions enhance people' discretionary income while reducing the government's revenue. Tax reductions typically refer to decreases in the percentage of income, commodities, and services subject to tax. Tax reductions serve as an illustration of an expansionary fiscal strategy since they give consumers greater discretionary income.

So, If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.

Learn more about Progressive tax here

brainly.com/question/1022789

#SPJ4

You might be interested in
__________ is a direct lobbying technique used by interest groups to influence public policy.
amm1812
Good morning.

The answer is : Providing election support.


Good luck!
7 0
2 years ago
Read 2 more answers
Suppose Ruston Company has the following results related to cash flows for 2018: Increase in Debt of $700,000 Dividends Paid of
AveGali [126]

Answer:

Cash flow <em>generated </em>from financing activities 400,000

Cash flow <em>used </em>in Investing activities 7,800,000

Explanation:

700,000 debt receive

-500,000 dividends paid

200,000 other adjustment on Financing

400,000 TOTAL CASH GENERATED

-8,300,000 purchase of PPE

500,000 other adjustment on Inventing

-7,800,000 TOTAL CASH USED

<u>Notice: </u>There is no hint about the adjustment being related as negative, so it should be assuem are positive cashflow.

5 0
3 years ago
Question 1 of 10
Lisa [10]

C. price index

is the correct answer to the questions

Question 1 of 10

A. is a measure of change in the prices of goods from one period to

another

A. sanction

B. quota

оо O

C. price index

D. subsidy

SUBMIT

3 0
2 years ago
Read 2 more answers
Budget deficit singapore for 5 year
frutty [35]

Answer:

i dont know sorry for dis but i dont know wat else to do

6 0
2 years ago
Liza has found two jobs she is interested in applying for. One job is at a fast food restaurant that pays $8.50/hour for flippin
goldfiish [28.3K]
It doesn't require any skills or special talent to flip burgers.

Hope this helps! :-)
8 0
3 years ago
Other questions:
  • Ramona owns a small coffee shop, where she works full-time. Her total revenue last year was $100,000, and her rent was $3,000 pe
    15·1 answer
  • Jan is unmarried and has no children, but she provides all of the financial support for her mother, who lives in an apartment ac
    5·1 answer
  • Dramatic shifts in the workplace call for workers that can
    13·1 answer
  • Will give brainliest for only one question please help
    9·1 answer
  • Emily works in the stockroom at a retail store for $10/hour on Saturdays. The store is within near walking distance of her home.
    10·1 answer
  • You are planting seeds in a vegetable garden. According to the instructions on the seed​ packet, the seeds should be placed​ 12"
    8·1 answer
  • Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. Under the indi
    9·1 answer
  • Nonfinancial performance measures in the balanced scorecard such as customer satisfaction are often _____ of future financial pe
    5·1 answer
  • Benjamin Franklin said, “Beware of little expenses. A small leak will sink a great ship. ” What does this mean to a person tryin
    15·1 answer
  • When a large supply of a product is available for sale, the price of the product will often
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!