What tax does the lower class pay little in, making the middle income pay more?

1 answer:

4 0

<span>Overall, the poorest 20 percent of Americans paid an average of 10.9 percent of their income in state and local taxes and the middle 20 percent of Americans paid 9.4 percent. The top 1 percent, meanwhile, pay only 5.4 percent of their income to state and local taxes. (I'm sorry I type slow xd).

Hope this helped!! <3
</span>

You might be interested in

On January 1, 2018, Ace Electronics bought a new cash register for $2,500. Ace plans to use the cash register for 4 years and th

Lilit [14]

Answer:

$575

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($2,500 - $200) ÷ (4 years)

= ($2,300) ÷ (4 years)

= $575

In this method, the depreciation expense is the same for all the remaining useful life i.e for four years, the $575 should be charged for all four years

3 0

3 years ago

What allows every department of a company to store and retrieve information in real-time, allowing information to be more reliab

Dmitry_Shevchenko [17]

<span>The company depends on their company database when it comes to the storage and retrieval of important information in real time. This allows the company to have information which is reliable and accessible. The database of the company is a collection of data that is saved and organized to allow the user s to have its easy retrieval in times that they want to use or utilize it. The collection of information includes schemes, tables, queries, reports, views and other objects. The maintenance and accessibility of the database will need the company to have DBMs or Database Management System. The use of this system is to make sure that the data stored is safe and secured. </span>

5 0

3 years ago

Assume that over the past 88 years, u. S. Treasury bills had an average return of 3. 5 percent as compared to 6. 1 percent on lo

zheka24 [161]

The average nominal risk premium on the long-term government bonds was 2.6 percent.

A risk premium is the expected investment return on an asset that is higher than the risk-free rate of return. The risk premium on an asset is a form of compensation for investors. It compensates investors for tolerating the additional risk in a given investment over that of a risk-free asset. Subtracting the return on risk-free investment from the return on investment yields the risk premium.

The nominal risk premium is:

Nominal Risk-Free Rate - Inflation Premium = Real Risk-Free Rate. Nominal rates are the rates we encounter on a daily basis, such as interest rates from banks and other financial institutions.

Nominal risk premium = 6.1 % -3.5 %

= 2.6%.

Learn more about risk premium here-

brainly.com/question/15570868

#SPJ4

8 0

2 years ago

Do you think that some people are more susceptible to psychological marketing than others? Explain

Lilit [14]

Answer: yes, because some people studied the material which would make it easier for the to catch on.

Explanation:

4 0