INCOME TAX is the % of incometaxe the same of a person that earns 40,000. to one that earns 300,000.
Love is the battery of life....
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,
OronD you probably mean "progresive" not "moderated".... the rates get high as one's salary progresses (increases).
Tnx Sabag. I am not a native English speaker and I probably used the wrong word / definition. Thank you.
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%.
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