Which of the following refers to a tax in which people with higher incomes pay a smaller share of their income in tax quizlet?

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Which type of tax policy has individuals who earn higher incomes pay a larger percentage of their income in taxes quizlet?
What term is used to describe a tax that collects a greater share of income from those with high incomes than from those with lower incomes?
Which type of tax takes a higher percentage of income from poorer people?
What is an income tax quizlet?

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Education
-Every state spends taxpayer money to support at least one public state university.
-They also provide financial help to local governments for public elementary and secondary schools.

Public Safety
-State police enforce traffic laws and help motorists in an emergency.
-State governments build and run corrections systems.

Public Welfare
-State funds support hospitals and clinics and unemployment benefits.

Highway and Transportation
-State crews resurface roads and repair bridges.
-States pay some of the cost of facilities like waterways and airports.

Arts and Recreation
-States fund parks, nature reserves, museums, and art and music programs.

Administration
-State governments spend money to keep the government running.
-Revenues pay for state workers' salaries.

article 1, section 8, clause 1 of the Constitution:

"To lay and collect taxes, duties, imposts and excises, to pay the debts, and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States."

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15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal

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Which type of tax policy has individuals who earn higher incomes pay a larger percentage of their income in taxes quizlet?

Regressive taxes are when higher income people pay a smaller percent of income than the lower income people (state and city sales taxes). Progressive taxes are when higher income people pay a greater percent of their income compared to lower income people (federal income taxes).

A progressive tax imposes a higher percentage rate on taxpayers who have higher incomes. The U.S. income tax system is an example. A regressive tax imposes the same rate on all taxpayers, regardless of ability to pay.

Which type of tax takes a higher percentage of income from poorer people?

Sales taxes tend to be regressive because they take a larger percentage of the income of low-income taxpayers.

What is an income tax quizlet?

An income tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund.