income tax

Hi Macho Rico Asked:

INCOME ...

INCOME TAX is the % of incometaxe the same of a person that earns 40,000. to one that earns 300,000.

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4 Answers

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OronD Answered:

Hi,
Sure not. The income tax in most countries is moderated. Until a certain amount (say X) one doesn't pay at all.... between X and Y one pays a low percentage, between Y and Z the percentage increases, etc, etc etc ...... so at high income one pays the maximum.
Best regards,

Posted 3 years ago
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Love is the battery of life....

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Sabag Answered:

OronD you probably mean "progresive" not "moderated".... the rates get high as one's salary progresses (increases).

Posted 3 years ago
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OronD Answered:

Tnx Sabag. I am not a native English speaker and I probably used the wrong word / definition. Thank you.

Posted 3 years ago

Love is the battery of life....

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Kurt Answered:

A single taxpayer with $40,000 income pays just under 25%, and at $300,000 its under 33%, with the maximum being 35%. The filing married couple numbers are 15%, 33% and 35%.

Posted 3 years ago

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