Although heavily romanticized today, Athens did operate under a system of democracy and was the home of many influential scholars in Western thought such as Aristotle, Socrates, and Plato. The LESS You Make The HIGHER PERCENT You Pay B. A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers. B. C. A tax that takes a higher percentage of income as […] A. Advocates of sales, excise, and property taxes argue that these types of regressive tax are fundamentally more fair than other types of tax and that the use of such taxes may have a positive impact on the behavior of members of society. Which of the following best describes “tax expenditure”? What describes a regressive tax? a. progressive tax b. regressive tax A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers. Sample Exam Questions/Chapter 7 1. The LESS You Make The HIGHER PERCENT You Pay B. The individual and corporate income taxes and the estate tax are all progressive. Some federal taxes are regressive, as they make up a larger percentage of income for lower-income than for higher-income households. Regressive taxes are those that have the greatest impact on low-income individuals rather than high-income earners. A tax that takes a fixed percentage of income regardless of the taxpayer’s level of income. Both persons were required to pay a special tax of $350. Middle-class tax rate: 7.5% Top 1% tax rate: 2.6% Ten states in the ITEP study were labeled the "Terrible 10" for having the most regressive tax systems in the country. 30 seconds . A. A. A tax that takes a fixed percentage of income regardless of the taxpayer’s level of income. A. Taxes can be distinguished by the effect they have on the distribution of income and wealth. In reality, however, such a tax causes lower-income groups to pay a greater proportion of their income than higher-income groups pay. Tags: Question 5 . Sam Miller earned $63,000 last year. A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. Regressive taxes place a higher burden on wealthy tax payers compared to people who earn less. A regressive tax is a tax applied uniformly, ... Estonia has the world's best tax system – no corporate income tax, no capital tax, no property transfer taxes. "Regressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, so that the average tax rate exceeds the marginal tax rate. A user fee. 3. A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers. Let W be the wealth of the individual and P1>0, P2>0 be the prices of the goods. Regressive taxes place a higher burden on people who earn less compared to wealthier tax payers. Asked 12/16/2015 10:45:19 AM. A tax that takes a fixed percentage of income regardless of the taxpayer’s level of income. Which of the following best describes a regressive tax? Pioneers who journeyed to the west moved quickly through mountain passes to avoid traveling through rainstorms, which made trails slick and wet. Tax systems fall into two main categories within the tax code: regressive and progressive taxes. Question: QUESTION 16 Please Review The Following Tax Proposal And Determine Which Of The Following Best Describes T. Tax Proposal Income Tax Payment $25,000$6,250 $50,000 $75,000 $15,000 S100,000$18,000 $11,000 The Proposed Tax Is Progressive The Proposed Tax Is Proportional The Proposed Tax Is Regressive The Proposed Adheres To The Benefits Received Principal. A redistribution of income tax can be best brought through. 4 years ago. a) Progressive taxation combined with progressive expenditure. Which sentence best describes the types of skills and personal qualities needed in the workplace? B. Regressive taxes place a higher burden on wealthy tax payers compared to people who earn less. A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. The US income tax system is progressive because of 2 things: 1) the standard deduction, which eliminates nearly all income for lower-income Americans from tax liability, and 2) higher marginal tax rates for people with higher incomes. Regressive taxes result in poor tax payers paying no taxes. C) A tax that takes a fixed percentage of income regardless of the taxpayer's level of income. B) A tax whose rate rises less than in proportion to income. Updated 12/17/2015 8:34:37 AM. Unite Describes The Workplace Parking Levy ‘Regressive’ By theorkneynews on February 20, 2019 • ( 2 Comments ) Unite the union has written to all Council Leaders representing Scotland’s thirty-two local authorities calling on them to rule out implementing the workplace parking levy which they claim is ‘regressive’. The MORE You Make The HIGHER PERCENT You Pay C. Which sentence best describes a regressive tax? answer choices . For the sixth year in a row, Estonia has the best tax code in the OECD, according to the freshly published Tax … An example of the opposite, a regressive tax system, is the US tax for Social Security. A proportional tax is one that imposes the same relative burden on all taxpayers—i.e., where tax liability and income grow in equal proportion. A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. c. regressive taxes result in poor tax … regressive tax progressive tax direct tax proportional tax Weegy: The direct tax describes income tax. A flat tax or regressive tax decreases their ability to afford a decent standard of living. Question: Which sentence best describes a regressive tax? b) Progressive taxation combined with regressive expenditure. Answer Trivia - VivaQuestionsBuzz is an instant answer provider. Worrying about the regressive nature of just that one part of the taxation system that is regressive seems a little trivial compared to that really. Expert answered|R@st@f@r_m@n|Points 2066| Log in for more information. A regressive tax may seem to be an equitable form of taxation because everyone, regardless of income level, pays the same fixed amount. The MORE You Make The HIGHER PERCENT You Pay C. The More You Make The Higher AMOUNT You Pay 2- What Statement BEST Describes REGRESSIVE TAXES? A. User: Which of these best describes income tax? Which of the following terms best describes this tax? b. regressive taxes place a higher burden on wealthy tax payers compared to people who earn less. B. Tax systems in the U.S. fall into three main categories: regressive, proportional, and progressive and two of the three impact high- and low-income earners differently.