Which sentence best describes a flat tax?

History

2 answers:

tatuchka [14]3 years ago

7 0

The correct answer is: "A flat tax taxes all taxpayers at the same percentage"

A flat tax is a type of tax based on the establishment of a constant tax rate, that will be applied to the total income earned by an individual, a household or a corporation. Therefore, a proportional tax would be a flat tax, as the total amount to be paid in concept of taxes is calculated as a proportion of the total income, and the size of such proportion is in fact indicated by the tax rate.

The other two types of taxes would be progressive and regressive, that consist on a tax rate that increases or decreases (respectively), the larger the income earned is.

Gwar [14]3 years ago

4 0

The best option from the list would be that "A flat tax taxes all taxpayers at the same percentage," since this is in contrast to a "progressive tax," which taxes people with different incomes at different percentages.

You might be interested in

Name two exports from the colonies.

larisa86 [58]

Rice, tobacco, furs, fish

4 0

3 years ago

How significant was the threat of Japanese spies on US soil In world war 2? Explain

yaroslaw [1]

The threat was big to the Us

3 0

3 years ago

From this lesson, in what ways have some nations tried to educate their populations regarding the number of children that couple

melamori03 [73]

the correct answer is B, D everything else is wrong

8 0

3 years ago

Read 2 more answers

What so-called war spawned the dueling slogans Better Dead Than RED and Better Red Than Dead in the 1950?

dimulka [17.4K]

The cold war was foretold by Churchill following the 2nd World War. He tried to tell the world of the Soviet threat. "Red" is slang for a communist. Although it is not illegal to be a communist in The United States, the "Red Scare" was very prevalent in the 1950's due to Senator McCarthy.

Hope this helps

7 0

3 years ago

WILL GIVE BRAILIEST! Explain the beginning of the anti-slavery movement and the importance of abolition societies.

VikaD [51]

Answer:

The abolitionist movement began as a more organized, radical and immediate effort to end slavery than earlier campaigns. It officially emerged around 1830. Historians believe ideas set forth during the religious movement known as the Second Great Awakening inspired abolitionists to rise up against slavery.

Explanation:

6 0

3 years ago