This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are the different types of tax systems? Give one example of each type of tax. What will be ... (Read 25 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 29, 2018
What are the different types of tax systems? Give one example of each type of tax.
 
  What will be an ideal response?

Question 2

An economy can achieve faster economic growth without ______.
 
  A. markets and property rights
  B. people being willing to save and invest
  C. incentives to encourage the research for new technologies
  D. an increase in the population growth rate


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

In progressive tax systems, higher income levels face higher average tax rates. In a proportional tax system, households pay the same percentage of their incomes in taxes regardless of their income level; in other words, the average tax rate does not vary with income. In a regressive tax system, the average tax rate declines with income so that low-income households pay a greater percentage of income in taxes than do high-income households. In the United States, income taxes (except flat-rate state and local income taxes) are progressive. Social Security and sales taxes are regressive.

Answer to Question 2

D The other answers are necessary conditions for economic growth.


clippers!

  • Member
  • Posts: 828
Reply 2 on: Jun 29, 2018
Wow, this really help

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Brain types Brain types
A taxonomy of primate social systems. Larger symbols indicate adults. A taxonomy of primate social systems. Larger symbols indicate adults.
Holland’s six basic types of people based on vocational interests (attitudes, abilities, and ... Holland’s six basic types of people based on vocational interests (attitudes, abilities, and ...
Two types of front-engine, front-wheel drive. Two types of front-engine, front-wheel drive.
Types of Precipitation Types of Precipitation
Types of Mutations in the HBB Gene That Cause p-Thalassemia Types of Mutations in the HBB Gene That Cause p-Thalassemia
Video: Male Reproductive System - Testosterone

For a complete list of videos, visit our video library