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In which strategy the consumer pays a higher tax rate as income increases?
Wiki User
∙ 14y ago
progressive tax [novanet]
Wiki User
∙ 14y ago
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What type of tax strategy makes consumer pay higher tax rate as income increases?
A progressive tax strategy.
What is the income elasticity of an inferior good?
goods whose demand falls as consumer income increases
How does consumer income affect the demand for normal goods?
A good that decreases in demand when consumer income rises; having a negative Income increases will thus affect the consumption of these goods.
What is the income consumption curve?
Income Consumption curve (icc) is a curve which determine the consumption of a consumer base on in his/her income When Income is High, Spending Capacity increases, higher the spending capacity - more the demand. Thus converse to the original demand theory which says, PRICE determines Demand, ICC theory says, INCOME of a PERSON determines the Demand for a Product
Is it microeconomics or macroeconomics the effect of higher income taxes on total amount of consumer spending?
microeconomics
In which taxation strategy does the consumer pay a higher tax rate as income increases?
progressive.
What type of tax strategy makes consumer pay higher tax rate as income increases?
A progressive tax strategy.
What is a progressive tax strategy?
it is tha strategy that governs tax increases proportionally with taxable income. the higher your taxable income the higher tax percentage you will pay.
What tax strategy makes you pay a higher tax rate as income increases?
This is called a graduated or progressive income tax.
What is the tax stratagy where the consumer pays a higher tax rate as income increases?
a "progressive tax" A "progressive" tax system. == ==
What is the income elasticity of an inferior good?
goods whose demand falls as consumer income increases
How does consumer income affect the demand for normal goods?
A good that decreases in demand when consumer income rises; having a negative Income increases will thus affect the consumption of these goods.
In a what taxation strategy the consumer pays a specific percentagae of their income towards taxes no matter what level of income?
proportional NovaNet
In a blank taxation strategy the consumer pay a specific percentage of their income towards taxes no matter what their level of income?
Flat tax.
What taxes do consumers pay a higher tax rate on when their income increases?
Progressive ______________ Income taxes will have a higher rate. Many other taxes, or more correctly tax benefits, may be limited or eliminated.
What is a taxation strategy when the consumer pays a specific percentage of their income towards taxes no matter what their level of income?
== == Flat Tax or also called a proportional tax.
What is the income consumption curve?
Income Consumption curve (icc) is a curve which determine the consumption of a consumer base on in his/her income When Income is High, Spending Capacity increases, higher the spending capacity - more the demand. Thus converse to the original demand theory which says, PRICE determines Demand, ICC theory says, INCOME of a PERSON determines the Demand for a Product
