Question by :Anonymous:: What does it mean that the federal income tax is a progressive tax? What is a federal income tax and what is a progressive tax? What is similar about these two different taxes? Best answer: Answer by VeeveeI think it means…you always have to pay it and they charge what they feel [...]
Posts Tagged ‘income’
Q&A: What does it mean that the federal income tax is a progressive tax?
Posted by Admin on November 3rd, 2011
What’s the difference between tax brakets and progressive income tax?
Posted by Admin on November 3rd, 2011
Question by Edward: What’s the difference between tax brakets and progressive income tax? I see New Zealand uses tax brakets instead of progressive tax, but isn’t it still progressive if it targets different levels of income? Best answer: Answer by stephen_toontax brackets are part of a progressive tax system http://en.wikipedia.org/wiki/Tax_bracket What do you think? Answer [...]