0
Sales taxes are given this classification because high income people pay a smaller percentage of their income on goods and services subject to the sales tax?
Wiki User
∙ 7y ago
As described above, this type of tax is called a "regressive tax".
While the above may be a text book answer...challenge your teacher...by challenging the basic premise of the question: Do high income people really pay less of a percent of income on sales taxable things? I think not! In many places, sales tax is NOT applied to food and housing and other essentials (or is applied at a lower rate). Lower income families spend virtually ALL their income on this. They pay virtually no sales tax. Those with higher incomes will buy a large amount, both dollar and percent wise, of their income on discretionary or luxury things - cars, boats, jewelry, entertainment, meals (which are taxed, food is not), etc. In today's lifestyle, we have seen they frequently spend more on these things than they actually should and even more than they make...many wealthy people are substantially in debt!
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
What is sales taxes because of high-income people pay a smaller percentage of their income?
Regressive.
If gross pay is 320.00 how do you find out what percentage is taken out if net is 237.23?
You subtract the smaller number from the larger, then divide the result by the larger number and multiply that result by 100.
What banks offer document shredding services?
"Many banks offer document shredding services, but this can vary from one locality to another. Often credit unions and smaller banks will host ""shredding days"" where they bring in a shredding company for their customers. You can contact your local bank branch to see if they offer this service."
What is meant by small business payroll services?
A small business payroll service is a service which offers payroll for other, smaller businesses. It is a good service offered to new businesses who need aid in their payroll.
What is a fair percentage profit of an industrial partner?
This depends on the amount of effort the partner brings in and the real expertise on the table. Usually in larger industries with higher turnover the percentages would be much smaller. In this situation we would probably be looking at a 5 % of the total profits. For smaller industries we would look at slightly larger percentages for the industrial partner. Usually 20 percent of the annual net profits (after costs) is the maximum an industrial partner would receive. However a percentage this large would usually mean that the industrial partner would have to buy shares in the company amounting to his profit sharing percentage after a few years. This i believe is the norm.
Is a percentage of something always smaller than the original amount?
yes it is because it is like dividing
What is sales taxes because of high-income people pay a smaller percentage of their income?
Regressive.
Does a smaller rock a have higher or lower percentage of surface area than a larger rock?
It depends on percentage related to WHAT! You cannot express surface area as a percentage of volume since the dimensions are different. So the only percentage you can have is the suface area of the smaller rock as a percentage of the surface area of the larger rock. In that case, the answer, not surprisingly, is that the smaller rock has the smaller percentage surface area.It depends on percentage related to WHAT! You cannot express surface area as a percentage of volume since the dimensions are different. So the only percentage you can have is the suface area of the smaller rock as a percentage of the surface area of the larger rock. In that case, the answer, not surprisingly, is that the smaller rock has the smaller percentage surface area.It depends on percentage related to WHAT! You cannot express surface area as a percentage of volume since the dimensions are different. So the only percentage you can have is the suface area of the smaller rock as a percentage of the surface area of the larger rock. In that case, the answer, not surprisingly, is that the smaller rock has the smaller percentage surface area.It depends on percentage related to WHAT! You cannot express surface area as a percentage of volume since the dimensions are different. So the only percentage you can have is the suface area of the smaller rock as a percentage of the surface area of the larger rock. In that case, the answer, not surprisingly, is that the smaller rock has the smaller percentage surface area.
What is that inflation?
Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service.
what classification category is smaller family or class?
Family is the smaller. Genus and species are the last two.
What is inflation?
Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service.
If I divide a smaller number by a larger number will this indicate the percentage that the larger number is over the smaller number?
No, that will indicate the percentage the smaller number is of the larger number.
Which level of classification contains orders but is smaller than phylum?
Class is smaller than phylum and contains orders.
What percentage of Colombian women are 120cm tall?
The more precisely you measure them, the smaller the percentage will be.
What is naming and classifcation of organisms known as?
The naming and classification of living organisms is called taxonomy. It begins with the wide classification called genus an a smaller one called species. Our classification is Homo sapiens.
If a measurement is small is the percentage error high?
yes, it is. The smaller the measurement, the higher the percentage error.
What does the inflation date indicate?
Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service. Demand-Pull Inflation, Cost-Push Inflation etc.
