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What type of tax takes the same percenage of income from everyone regardless of their earnings?
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Tax takes the same percentage of income from everyone regardless of their earnings?
Fair tax
What taxes takes the same percentage of income from everyone regardless of their earnings?
A flat tax.
What tax takes the same percentage of income from everyone regardless of their earnings?
That is called a flat tax system.
What taxes take the same percentage of income from everyone regardless of their earnings?
flat tax, poll tax, head tax, sales tax
What is a taxation strategy where everyone pays the same dollar amount regardless of income?
A taxation strategy where everyone pays the same dollar amount regardless of income is a?
A taxation strategy where everyone pays the same amount regardless of income?
Flat tax has no regard to income. Graduated tax is related to income.
A taxation strategy where everyone pays the same dollar amount regardless of income?
Proportional.
Is retained earnings an asset?
No, retained earnings comes after Net Income on the Income Statement. The retained earnings is less than the Net Income if a dividend is paid out.
Cumulative earnings over three years?
Earnings = Net Income. Cumulative Earnings over three years is the net income of each year added together. Year 1 Net Income Year 2 Net Income + Year 3 Net Income = Cumulative Earnings
Will a net income of 95000 increase or decrease retained earnings?
Since increases in retained earnings mostly come from income accumulation, a net income of $95,000 will increase retained earnings.
Is a flat tax propertional tax?
Yes. It takes an equal percentage from everyone's income regardless of wealth.
What is the taxation strategy where everyone pays the same dollar amount regardless of income?
That sounds like a poll tax.
