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oksian1 [2.3K]
2 years ago
8

Suppose that gifts were taxed at a rate of 10or amounts up to $100,000 and 20or anything over that amount. would this tax be reg

ressive or progressive?
Business
1 answer:
Vladimir [108]2 years ago
3 0

The tax would be progressive because individual who pays more noteworthy or bigger gifts subjected to the more prominant tax rate.

Regressive tax - a better percent of tax is charged at lower stages

Progressive tax - a better percent of tax is charged at higher degrees

proportional or flat tax - the identical percentage is charged at any degreea gift tax of 10% of the primary $one hundred,000 and 20% over $a hundred,000 could be progressive due to the fact the tax percent will increase because the present increases.

A regressive tax is a form of tax this is assessed no matter profits, in which low- and excessive-income earners pay the equal dollar quantity. This form of tax is a bigger burden on low-income earners than high-earnings earners, for whom the same greenback amount equates to a far larger percentage of general income earned.

A innovative tax is characterized through a greater than proportional rise inside the tax liability relative to the growth in profits, and a regressive tax is characterised by means of a less than proportional rise in the relative burden.

Learn more about tax here:-brainly.com/question/26316390

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3 years ago
Explain how e-business has created a new type of strategic alliance among companies.
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3 years ago
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3 years ago
In the context of intergroup conflict, managers should encourage social interactions across groups so that:
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(A) trust can be developed.

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