Laserfiche WebLink
Three Types of <br />Taxes <br />Regressive Tax: <br />A regressive tax is a tax applied uniformly, taking a larger <br />percentage of income from low-income earners than from <br />high -income earners. It is in opposition to a progressive <br />tax, which takes a larger percentage from high -income <br />earners. <br />Progressive Tax: <br />A progressive tax is based on the taxpayer's ability to pay. <br />It imposes a lower tax rate on low-income earners than on <br />those with a higher income. <br />Proportional Tax: <br />A proportional is a tax strategy in which the taxing authority <br />charges the same rate of tax from each taxpayer, <br />regardless of how much money the taxpayer makes. This <br />means that lower -income, middle -income, or upper -income <br />people pay the same tax percentage. Since the tax is <br />charged at a flat rate for everyone, a proportional tax is <br />often referred to as a flat tax. <br />THE FRANCHISE FEE IS A <br />REGRESSIVE TAX, THIS <br />TAXES THE LOWEST <br />EARNERS IN RAMSEY <br />MORE OF THEIR <br />PROPORTIONATE INCOME <br />THAN HIGHER EARNERS. <br />MEM <br />https://study.com/academy/lesson/proportional-tax-definition-examples html?src=ppcadwo <br />rds nonbrand&rcntxt=aws&crt=519972749261 &kwd=&kwid=dsa-1253079156202&agid=12 <br />5582019081 &mt=b&device=c&network=s& campaign=SeoPPC&gclid=EAIaIQobChM1w7y <br />m8svP8QIV4GxvBB3-VQfXEAAYAiAAEglugfD BwE <br />