Is the flat tax and fair tax the same thing?
Flat tax, would impose a 17% tax on personal income and corporate profits. Fair Tax would do away with the federal income tax (and many of its associated burdens), and puts in place one tax - a flat tax of 23% on all sales. ChaCha for now!
Answered
by Ryan M.
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What is the difference between a regressive and progressive tax?
Progressive tax rates are where higher income people pay more...
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Why are some taxes considered to be regressive?
Regressive taxes are a tax in which the rate of tax decreases...
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What is the progressive nature of the individual income tax?
A progressive tax is a tax in which the tax rate increases as...
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What economic system generally taxes the people at the highest rate?
A progressive tax is a tax by which the tax rate increases as...
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TOTAL amount income tax generated on avg. by gov't per MONTH in TEXAS? give me a dollar amount?
Hmm... we sent that Answer to you already! Txt GETNEW to get ...
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What are the four characteristics of a good tax?
A good tax system needs to be structured so that all people a...
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What is the difference between a gift tax and an estate tax?
The difference between estate and gift taxes are: effective t...
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What is the difference between a regressive and progressive tax?
Progressive tax rates are where higher income people pay more...
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Which federal tax raised the largest amount of money each year?
Federal Income tax is the largest tax for the government, it ...
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What is the progressive nature of the individual income tax?
A progressive tax is a tax in which the tax rate increases as...
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Regressive tax is a tax that takes a larger percentage from l...
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Form 1099 is an IRS form that is used to report various types...
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What is las vegas/henderson sales tax?
The Vegas and Henderson sales tax is 8.5%!
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What is gift tax used to prevent people from avoiding?
The federal gift tax exists for one reason: to prevent citize...
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What happens if your taxable income falls in the lowest tax bracket?
If your taxable income falls within the lowest tax bracket, y...
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What is the sales tax on $13000?
Versailles, Missouri sales tax is 7.725% (state sales tax 4.2...
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A check from the government that basically is your money. Bas...
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Federal tax brackets are structured so that individuals or le...
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Is the unemployment tax a progressive tax?
No. A progressive tax is a tax by which the tax rate increase...
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If there is an expiration date it would be on the front of th...
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What would happen if society increased their tax revenues?
Tax revenue increase will fund state repairs and improvements...
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In economics, tax incidence is the analysis of the effect of ...
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What is the sales tax amount In California?
The California base Sales and Use Tax rate is 7.25%. The decr...
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FICA stands for the Federal Insurance Contributions Act. The ...
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Do you have to pay the income tax in Monopoly?
If you land on the Income Tax square in Monopoly, you have tw...
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What is the sales tax on $13000?
Versailles, Missouri sales tax is 7.725% (state sales tax 4.2...
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The Texas state sales & use tax rate is 6.25%, but local juri...
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What are the property tax rates in Middlesex County MA?
Median real estate property taxes paid for housing units with...
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In some states, sweet tea is taxed as a non-food because of t...
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How long should tax records be kept?
Business records and your personal financial records must be ...
About Income Tax
The Income Tax is a tax imposed by the Federal, most states and local governments. The income tax is determined by applying a tax rate to an income bracket. In 2011, taxes are due on April 15th.
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