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Biology, 03.12.2021 01:40 austinshamblin8456

PLEASE HELP ASAP :) What is the reason for using progressive taxes on income?

A Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.

B Lower-income individuals have a lower cost of living and can afford to pay more in taxes.

C Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.

D Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.

Among the majority of states that have an individual income tax on wages, do the majority use a progressive tax scale?

A No, only 14 of the 44 states that tax wages use a graduated scale for the individual income tax.

B No, all states use a flat tax for the individual income tax except for New York.

C No, 32 of the 41 states that tax wages use a flat rate for the individual income tax. .

D Yes, 32 of the 41 states that tax wages use a graduated scale for the individual income tax.

Which group of taxes are all examples of regressive taxes?

A sales tax, meals tax, hotels tax, excise tax, and tolls

B payroll tax and state corporate income tax

C property tax and individual income tax

D individual income tax and corporate income tax

Which tax is an example of a proportional tax?(1 point)

A tolls
B property tax
C federal individual income tax
D federal payroll tax

What is a property tax?

A A tax paid to a state government that is a percentage of a luxury good, such as expensive automobiles and yachts.

B A levy paid to a local government by a landowner, a homeowner, or a business that owns real estate.

C A fee paid to a local government as a percentage of wages earned in the municipality.

D A fee paid to a local or state government as a percentage of income earned from investments, dividends, and interest.

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PLEASE HELP ASAP :) What is the reason for using progressive taxes on income?

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