Ask Question
8 December, 12:51

Select the correct answer from each drop-down menu. All of a country's citizens pay the an income tax that is 7% of their annual earnings. This tax is tax.

+5
Answers (1)
  1. 8 December, 13:09
    0
    All of a country's citizens pay the government an income tax that is 7% of their annual earnings. This tax is proportional tax.

    A proportional tax is understood as an income tax system where the same percentage of tax is levied on all taxpayers, regardless of their income. A proportional tax applies the same tax rate across low, middle, and high-income taxpayers.

    As oppose to a proportional tax, the progressive tax system, adjust tax rates by incomes.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Select the correct answer from each drop-down menu. All of a country's citizens pay the an income tax that is 7% of their annual earnings. ...” in 📗 History 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