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4 years ago

If employees pay the same percent of their income to the government no matter how much they make, this is known as?

1 answer:

4 0

If employees pay the same percent of their income to the government no matter how much they make, this is known as "flat taxation." Flat taxation is mainly applied when a person would like too know the corporate income. Corporate income is the amount of money a business would have to pay. It's like taxes to a person but to a business all prime business member's would have to pay it or their business would be shut down. Taxes work like this: the more a person makes in a year, the more that person would have to pay back. The increase of income a person make would have to pay it back and then the taxes would go to the government and then the government would use that money for roads, public schools, police and fire stations, all daily services.

Hope this helps!

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