Ask Question
3 January, 07:02

What's the purpose of income tax brackets?

+5
Answers (1)
  1. 3 January, 07:26
    0
    To ensure that citizens are taxed within their means. If everyone were taxed the same dollar amount, whatever this amount is, it would take a larger portion (percentage) of income out of poor peoples' pockets than rich peoples'. For example, $500 is more to a poor person than it is to a millionaire.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What's the purpose of income tax brackets? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers