The Federal Income Tax is a PROGRESSIVE TAX, Because, The higher the income a person has, The higher the percentage that person pays in tax.
Explanation of What's a Progress Tax's Perentage is:
A Progressive Tax's Percentage is dependent upon the Income Bracket you are in. Therefore, if you are in a higher income bracket, this means, you earn more. However, you would pay a much higher percentage, than someone in the lower income bracket. This is why it is called a, "Progressive Tax", Because, it gets progressively bigger.
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One is right and one is wrong
Answer:
Private interest owns the factors of production in a market economy. In a market economy, the means of production are privatized to individuals (can you help me with my questions plz)
Explanation:
It sent their economies into further decline--European countries had invested in our stock market and they relied on our financial assistance following the war.
Germany was relying on circular loans from the US which provided funds to help them pay for reparations. After the stock market crash, we were no longer able to aid which stopped money from flowing into Europe. This caused further decline in Europe preventing them from investing in their own countries let along buy goods from the US.
