Title: Progressive v. Flat Tax
|Date:||May 20, 2015|
|Length:||3 / 868|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
The system used in Progressive Tax; however, many people believe the system of Flat Tax, or Proportional Tax, should be the system that is used for taxing.
In a Progressive Tax system, a larger percentage of income is taken from those who are wealthy or have a large annual income, in taxes. Those who have low incomes do not have as high tax percentage to pay because progressive tax is based on ability to pay...
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Those who have low incomes do not have as high tax percentage to pay because progressive tax is based on ability to pay. For example, with progressive tax, people with the lowest incomes will pay 10% in taxes, those with the largest incomes would pay about 30%, and the middle class would pay somewhere in the middle...
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