Answer:
Federal
Local
State
Explanation:
Income taxes are usually paid to the different tiers of government according to the tax laws. The taxes helps in bringing in revenue for the government to give her citizens a better living standard. The taxes are deducted from the income earned by individuals.
Income taxes could however be Federal, State or Local in which the tiers mentioned benefit from it.
Sales tax however is different as it is the tax accrued on the exchange of goods items.
economic systems that are the most important to a democracy are characterized by ownership of private property, freedom of enterprise, free prices, private motive and limited interference of government. The market is left to the forces of demand and supply with the government only interfering as a regulator.
The federal personal income tax is an example of a progressive tax.
<u>Explanation:</u>
- A progressive tax is defined as the taxable amount increases when the tax rate increases. The term progressive is known as the increase from low to high.
- A person's marginal tax is high when compared to the taxpayer's average tax rate.This progressive tax will tend the people who have a lower ability to pay will pay less and who are the higher ability of pay will pay high.
- To know that clearly, it is the personal income tax. People with lower income will pay less tax and people with higher income will pay high taxes
- Britain Prime Minister William Pitt the Younger was introduced the first modern income tax.
No, there isn't no electricity, sanitation, or water-supply systems because of course it is a mountain and people usually die trying to get to the tallest mountain in the world.
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