What is the distinguishes a progressive income tax, Microeconomics

Assignment Help:

What is the distinguishes a progressive income tax, from a proportional income tax, or a regressive income tax?


A proportional income tax takes the similar percentage of a person's income, whether they are rich or poor. A progressive income tax takes a larger percentage of income from the rich, whereas a regressive income tax takes a larger percentage from the poor.


Related Discussions:- What is the distinguishes a progressive income tax

Application on infifference curve , i want an application on indifference c...

i want an application on indifference curve of a specific firm? can i get it easily?

Game, Suppose that there are n bidders whose valuations vis are drawn indep...

Suppose that there are n bidders whose valuations vis are drawn independently and identically from the distribution F over [0, ?]. Describe and derive the symmetric , monotonic equ

Advanced microeconomics, PRODUCTION AND PRODUCTIVITY DIAGRAM BEHAVIORAL REL...

PRODUCTION AND PRODUCTIVITY DIAGRAM BEHAVIORAL RELATIONSHIP

What is the adam smith view of invisible hand, What is the Adam smith view ...

What is the Adam smith view of "invisible Hand"?  Invisible hand is an unknown power which is working for the interest of total economy. In any economy, everybody cares for his

Return on machine, a machine cost 18871.00 today. at the end of each year I...

a machine cost 18871.00 today. at the end of each year I own the machine & it gives me returns of 4,948.00 after paying repairs and maintenance. After 6 years, I expect to sell it

What do you mean by costs, Q. What do you mean by Costs? Costs Section ...

Q. What do you mean by Costs? Costs Section 56 of the Environment Act describes costs as including ‘costs to any person and costs to the environment'. The costs of a project a

Inflation-unemployment trade-off under adaptive expectations, Inflation-Une...

Inflation-Unemployment Trade-off under Adaptive Expectations : By the late 1960s, the inverse relation between inflation and unemployment as suggested by the Phillips curve was

Theories of Interest , Compare and Contrast Classical and Neo classical the...

Compare and Contrast Classical and Neo classical theory of interest

Production possibilities curve, how to look a graph in different kind of pp...

how to look a graph in different kind of ppc in the graph when we see

Keynesian model, in the keynesian model the price is assumed to be what? a....

in the keynesian model the price is assumed to be what? a.exogeneous and remaaining constant b. endogeneous and remaining constant which is correct?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd