Question

Because of the __________, the united states does indeed have a(n) __________. income tax, progressive tax system income tax, regressive tax system property tax, progressive tax system earned income tax credit (eitc), regressive tax system sales tax, progressive tax system

Answer 1

Answer: I believe the answer is: progressive tax system In a progressive tax system, we impose different tax rates to the people whose earning reach a certain income bracket. With the purpose of ensuring proper amount of wealth allocation. In united states, the separation for each bracket would look like this: Taxable Income             Tax Rate$0 - $9,525                10% of taxable income$9,526 - $38,700    $952.50 plus 12% of the amount over $9,525$38,701 - $82,500        $4,453.50 plus 22% of the amount over $38,700$82,501 - $157,500 $14,089.50 plus 24% of the amount over $82,500$157,501 - $200,000 $32,089.50 plus 32% of the amount over $157,500$200,001 - $500,000 $45,689.50 plus 35% of the amount over $200,000$500,001 or more         $150,689.50 plus 37% of the amount over$500,000

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Answer 2

income tax, progressive tax system income tax