Both sales tax and flat tax are a fixed percentage.
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The tax payers who would normally pay a higher rate than the flat tax rate. With a flat tax, it sure would be easier for the tax commission and IRS to review tax returns.
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For example, Slovakia - 19% flat tax rate (Corporate income tax, Personal income tax, and Value-Added Tax)
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Daniel Mitchell has written:
'The Flat Tax' -- subject(s): Income tax, Flat-rate income tax
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A flat tax is one that does not vary. It has a constant marginal rate and is usually utilized by individual or corporate income.
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Jack was up all night in his flat, working out his tax return.
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proportional tax or flat tax
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Dayna B. Andrews has written:
'Value-added tax (VAT) and flat tax proposals' -- subject(s): Flat-rate income tax, Value-added tax
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A proportional income tax on individual income with no regard to how large your income is
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Michael A. Walker has written:
'Focus on flat-rate tax proposals' -- subject(s): Income tax, Canada
'On flat-rate tax proposals' -- subject(s): Flate-rate income tax
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flat tax, poll tax, head tax, sales tax
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The proportional tax system refers to the same percentage of tax regardless of the taxpayer's earnings. Proportional tax is also called as a flat tax.
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Neither, a tax in which everyone pays the same percentage is called a flat tax.
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James M. Bickley has written:
'Flat tax proposals' -- subject(s): Flat-rate income tax
'Value-added tax as a new revenue source' -- subject(s): Value-added tax
'A value-added tax contrasted with a national sales tax' -- subject(s): Use tax, Value-added tax
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The proportional tax system refers to the same percentage of tax regardless of the taxpayer's earnings. Proportional tax is also called as a flat tax.
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You're probably thinking of Mike Huckabee, he is for a flat tax on purchases. This would do away with income tax.
Here is a link with more tax info:
http://www.rdtc.com/Blog/archive/2007/11/29/tax-views-of-top-10-presidential-candidates.aspx
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Yes. It takes an equal percentage from everyone's income regardless of wealth.
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That is called a flat tax system.
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A flat tax.
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A tax system that maintains a constant percentage rate on income as it rises is commonly known as a "flat tax".
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It's on the lower right corner of my W2, and says: I want to know what this means or if I should contact someone in my employer's payroll department to find the answer
Exemptions/Allowances:
Federal: 1 Tax Blocked
$484.94 Flat Tax
State: 1 Tax Blocked
$157.22 Flat Tax
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It's on the lower right corner of my W2, and says: I want to know what this means or if I should contact someone in my employer's payroll department to find the answer
Exemptions/Allowances:
Federal: 1 Tax Blocked
$484.94 Flat Tax
State: 1 Tax Blocked
$157.22 Flat Tax
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Tax rates in which the percentage of tax is the same regardless of the level of income is most likely a proportional tax. This is sometimes also referred to as a flat tax.
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A flat tax is a taxation strategy where everyone pays the same rate regardless of income. A flat tax and fair tax are the two most commonly proposed alternatives to the current US tax system.
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A tax deferred fixed annuity pays a flat interest rate.
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A flat tax system.
A Proportional tax system is one that takes more as you earn more.
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Personal Income Taxes Tax Rate Range: Flat rate of 3.07%
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proportional
A fuel tax is an excise tax imposed on the sale of fuel;A proportional tax, also called a flat tax is a system under which everyone pays the same rate for taxes regardless of gross income.
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proportional
A fuel tax is an excise tax imposed on the sale of fuel;A proportional tax, also called a flat tax is a system under which everyone pays the same rate for taxes regardless of gross income.
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As income increases the percentage of that paid as tax progressively increases.
If it was a "flat tax" instead, the percentage paid would be constant regardless of income.
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Tax rate = 14.95 / 2.99 = 5%
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Flat tax has no regard to income. Graduated tax is related to income.
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A flat tax.
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proposed alternatives to the income tax include the value-added tax and national sales taxes, two taxes for which the tax base would be consumption rather than income. Another alternative is the flat tax
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Of course it will. You are competing with Singapore and Hong Kong, which both have very competitive and low tax rates. Since Filipinos speak English and are perfectly employable, a flat tax rate could propel the country back to become an Asian giant once again!!
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