What is the the purpose of income tax brackets?

What is the the purpose of income tax brackets?
by

1 Answer

Answer :

Income tax brackets enable the progressive taxation of income.
by

Related questions

What's the purpose of income tax brackets?

Description : What's the purpose of income tax brackets?

Last Answer : To enable the progressive taxation of income

When is it proper to use the squared brackets on the computer's keyboard?

Description : When is it proper to use the squared brackets on the computer's keyboard?

Last Answer : answer:I use them for arrays when programming. For example in Ruby. ary = [1, “two”, 3.0] #=> [1, “two”, 3.0]

A question on the use of brackets. [Details inside].

Description : A question on the use of brackets. [Details inside].

Last Answer : answer:It is a bit awkward to have the start of your sentence be parenthetical, partly for the reason you describe. Usually a sentence should stand alone without the part in parentheses, so you capitalize the un- ... followed. What do you do? (Those ( ) are parentheses. These: [ ] are brackets.)

Are there any online NCAA Men's Basketball 2010 brackets that you can fill out?

Description : Are there any online NCAA Men's Basketball 2010 brackets that you can fill out?

Last Answer : answer:ESPN has this covered and so does Yahoo!

In which order should brackets be used?

Description : In which order should brackets be used?

Last Answer : answer:try this info Parentheses and (square) brackets have many functions, such as: 1. they introduce additional explanations which could be safely omitted; 2. they make reference to paragraphs, sections, etc; ... or Nances: { } angle brackets or chevrons: < > http://en.wikipedia.org/wiki/Bracket

Express 100 with 5 1s. Express 100 three ways with five 5s. You can use brackets, parentheses and these signs +,-,X, / -Riddles

Description : Express 100 with 5 1s. Express 100 three ways with five 5s. You can use brackets, parentheses and these signs +,-,X, / -Riddles

Last Answer : 111-11=100 (5 x 5 x 5)-(5 x 5)=100; (5+5+5+5)x 5=100;(5 x 5)(5-(5/5)=100.

Fill in the blanks choosing the correct option from the brackets. -SST 10th

Description : Fill in the blanks choosing the correct option from the brackets. -SST 10th

Last Answer : While taking a loan, borrowers look for easy terms of credit. This means low interest rate, easy condition: for repayment, less collateral and documentation requirements.

Give one word for each of the following with regard to industry. The number of letters in each word are hinted in brackets. -SST 10th

Description : Give one word for each of the following with regard to industry. The number of letters in each word are hinted in brackets. -SST 10th

Last Answer : (i) POWER is the basic requirement to run machines in any industrial set up. (ii) WORKER or the labours constitute for the man power required to handle machinery. (iii) MARKET are the areas where ... is the process to make goods. (vii) POLLUTION degrades the land, air, waters and soil resources.

HTML tags are enclosed in (a) curly brackets (b) square brackets -Technology

Description : HTML tags are enclosed in (a) curly brackets (b) square brackets -Technology

Last Answer : (d) HTML tags are enclosed within angular brackets (< and >).

7. Fill in the blanks with the right forms of the verb given in brackets. CSK- (win) the IPL championship for the fourth time.a) willb) wonc) winsd) will wins

Description : 7. Fill in the blanks with the right forms of the verb given in brackets. CSK- (win) the IPL championship for the fourth time.a) willb) wonc) winsd) will wins

Last Answer : 7. Fill in the blanks with the right forms of the verb given in brackets. CSK- (win) the IPL championship ... . a) will b) won c) wins d) will wins

Fill in the blanks by choosing the appropriate expression given in the brackets

Description : Fill in the blanks by choosing the appropriate expression given in the brackets

Last Answer : Fill in the blanks by choosing the appropriate expression given in the brackets

What is the value of x in the equation 0.25 open brackets 3x - 4 close brackets - 0.5x equals 2.75 A. 27 B. 15 C. 7 D. 3?

Description : What is the value of x in the equation 0.25 open brackets 3x - 4 close brackets - 0.5x equals 2.75 A. 27 B. 15 C. 7 D. 3?

Last Answer : Work it through, doing the same thing to both sides:0.25(3x - 4) - 0.5x = 2.75[Multiply both sides by 4]→ 4 (0.25(3x - 4) - 0.5x) = 4 (2.75)→ 4 0.25(3x - 4) - 4 0.5x = 4 2.75→ 3x - 4 - 2x = ... 11[Add 4 to both sides]→ (x - 4) + 4 = (11) + 4→ x - 4 + 4 = 11 + 4→ x = 15→ Solution is B. 15

basketball brackets standing ?

Description : basketball brackets standing ?

Last Answer : show standings please

Do all TV wall brackets connect to every mount?

Description : Do all TV wall brackets connect to every mount?

Last Answer : Yes, they all connect the same way. However, they will not be all the same size. I would make sure you use the right size before you attach the wall.

What is a good TV wall brackets system?

Description : What is a good TV wall brackets system?

Last Answer : I would look at places like Best Buy and ask a worker. They usual y have the best ideas because they work with it everyday.

What is the sturdiest material for television wall brackets?

Description : What is the sturdiest material for television wall brackets?

Last Answer : The sturdiest material for a television wall mount will be steel. This material will hold up best over time although as long as the mount is UL rated, any material will be fine.

Will tv wall brackets hold the heavy TVs?

Description : Will tv wall brackets hold the heavy TVs?

Last Answer : You have a choice when you purchase a TV wall bracket to specify the weight limits so you know whether or not a bracket will support your tv. Wall brackets are sold with a variety of size and weight limits.

What are the best brands of television mounting brackets?

Description : What are the best brands of television mounting brackets?

Last Answer : Depending upon the size of your tv, certain brands of television mounting brackets will serve your needs better than others. Another factor is the price you are willing to pay for it. Comparing various electronic manufacturers is the best way to determine the one for you. www.nextag.com

Does Walmart sell brackets for tv wall mounting?

Description : Does Walmart sell brackets for tv wall mounting?

Last Answer : Yes, wallmart sells brackets for tv wall mountings. They also have good prices for the mountings. Thanks to their "rollback"...this is a link to Walmart website....http://www.walmart.com/

As shown in the illustration, what is the meaning of the numbers in brackets [ ] at location '31/33U'? EL-0100 A. Four separate devices with these part numbers feed signals into this point. B. There is a 33 kOhm bridge resistor at each of these locations in the wheelhouse. C. Wire '33K' continues on those four pages and connects to devices at the indicated coordinates. D. None of the above.

Description : As shown in the illustration, what is the meaning of the numbers in brackets [ ] at location '31/33U'? EL-0100 A. Four separate devices with these part numbers feed signals into this point. ... continues on those four pages and connects to devices at the indicated coordinates. D. None of the above.

Last Answer : Answer: C

Can the curly brackets { } be used to enclose a single line of code?

Description : Can the curly brackets { } be used to enclose a single line of code?

Last Answer : While curly brackets are mainly used to group several lines of codes, it will still work without error if you used it for a single line. Some programmers prefer this method as a way of organizing codes to make it look clearer, especially in conditional statements.

Arrange the following elements as given in the brackets:

Description : Arrange the following elements as given in the brackets:

Last Answer : a) Na, Cl, Mg, P [in decreasing order of atomic size] b) Cl, Al, Na, S [ in increasing order of ionisation energy] c) Ar, He, Ne [in increasing order of number of electronic shells] a) Cl, P, Mg, Na

The table gives the populations (in thousands) of ten species (A-J) in four areas (p-s) consisting of the number of habitats given within brackets against each. Study the table and answer the question which follows. Which area out of p - s shows maximum species diversity? (a) s (b) p (c) q (d) r

Description : The table gives the populations (in thousands) of ten species (A-J) in four areas (p-s) consisting of the number of habitats given within brackets against each. Study the table and answer the question which follows. ... out of p - s shows maximum species diversity? (a) s (b) p (c) q (d) r

Last Answer : (a) s

To indicate a keyword as an exact match, which of the following should be used? A. Quotations B. Brackets C. Parenthesis D. Semicolon

Description : To indicate a keyword as an exact match, which of the following should be used? A. Quotations B. Brackets C. Parenthesis D. Semicolon

Last Answer : B. Brackets

Pick up the item whose weight is added to the weight of respective item, is (A) Cleats (B) Brackets (C) Bolts (D) All the above

Description : Pick up the item whose weight is added to the weight of respective item, is (A) Cleats (B) Brackets (C) Bolts (D) All the above

Last Answer : (D) All the above

Which bracket is used in Macaulays method of slope and deflection. a.Parenthesis() b.Square brackets [] c.braces {} d.None.

Description : Which bracket is used in Macaulays method of slope and deflection. a.Parenthesis() b.Square brackets [] c.braces {} d.None.

Last Answer : b.Square brackets []

In HTML, tags consists of keywords enclosed within (1) angular brackets < > (2) parentheses ( ) (3) square brackets [ ] (4) flower brackets { }

Description : In HTML, tags consists of keywords enclosed within (1) angular brackets < > (2) parentheses ( ) (3) square brackets [ ] (4) flower brackets { }

Last Answer : angular brackets < >

Is there any reason to keep income tax returns dating back to 1999-2000?

Description : Is there any reason to keep income tax returns dating back to 1999-2000?

Last Answer : According to a tax attorney and other professional preparers, you only have to keep federal returns for 7 years. There is no statute of limitations for CA state returns, so there might not be any for GA ... file a tax return or report, Georgia can audit you or assess tax against you at any time.

What is the reason for not doings things like income tax, banking, petitions, online?

Description : What is the reason for not doings things like income tax, banking, petitions, online?

Last Answer : answer:Perception of safety is a big one. I personally do banking and taxes and all of that online, but my parents (the WW2 generation) don't. I don't know that it's rational - most online ... might have some sort of a transaction number, but absolutely nothing that I could show in a court of law.

Is there income tax in California?

Description : Is there income tax in California?

Last Answer : Yes. I would be more specific but that seems to cover it.

On this U.S. Tax Day, what are your thoughts about our current income tax system vs replacing it with a simplified flat sales tax across the board?

Description : On this U.S. Tax Day, what are your thoughts about our current income tax system vs replacing it with a simplified flat sales tax across the board?

Last Answer : answer:Poor people would end up paying significantly higher percentage of their income to tax. The people who can least afford it would be penalized even further.

How much is the income tax for modelling? (NYC)

Description : How much is the income tax for modelling? (NYC)

Last Answer : Are you employed or are you a private contractor? Did you fill out a w-4? You decide how much taxes to take out based on your w-4

What do you plan to do with your income tax refund this year?

Description : What do you plan to do with your income tax refund this year?

Last Answer : I am not planning on getting one.

If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

Description : If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

Last Answer : My effective rate is 15%, according to turbotax. I’d be willing to raise that 2 or 3 percent.

How long does it take to receive the income tax return in Barcelona, spain ?

Description : How long does it take to receive the income tax return in Barcelona, spain ?

Last Answer : answer:I wonder if this jelly ever got his tax refund! Looking back at some orphans, and thought this was a peach of a question. I would assume from his lurve, he (she) asked this one question and drowned…...

What countries have no income tax?

Description : What countries have no income tax?

Last Answer : Here is a link to tax rates of countries around the world.

Are illegal immigrants required to file an income tax return?

Description : Are illegal immigrants required to file an income tax return?

Last Answer : Illegal immigrants don't file. Remember they are hiding from the government. But, some do pay taxes. If they are using an illegal social security number they are paying in, their employers are ... them as though they are citizens. But, the majority of illegal aliens are working under the table.

Which income tax form do i use?

Description : Which income tax form do i use?

Last Answer : I'm trying to recreate this from memory, so take everything with the caveat that you should run it past a tax accountant! Yes, you can use Turbo Tax. I believe that unless you have a very ... that you can at least use the one you used last year, but certainly read through the information first.

What happens when you report a loss on your income tax?

Description : What happens when you report a loss on your income tax?

Last Answer : I believe a loss offsets your income you make, but that is only if you sell your stocks (or whatever you have in your portfolio). If you hang on to it then I don't think you can claim a loss. So ... for certain, but my brother does it all the time so he doesn't have to give the gov so much money.

We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

Description : We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

Last Answer : I can direct you to a law on a dot-gov website that states pretty darn clearly what happens to you if you don’t pay federal income taxes. You go to jail. So if by “voluntary” you mean, your choice is your money or your freedom, the suuuure, it’s voluntary.

Do you need to file your income tax to receive the rebate?

Description : Do you need to file your income tax to receive the rebate?

Last Answer : answer:I believe that is one of the requirements, that you have to file taxes. I found the IRS's website on the rebates here Quote Millions of retirees, disabled veterans and low-wage workers who ... exempt from filing a tax return must do so this year in order to receive a stimulus payment.

I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Description : I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Last Answer : I would check the IRS website….but you probably do have to pay taxes on that income if it exceeds a certain amount.

Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Description : Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Last Answer : I don't think a national sales tax is the answer. Now, I'm no economist, so my logic may be faulty but here goes: For the purposes of this example, assume all 3 families consist of 2 adults and ... fair and across the board is to go with a flat percentage rate tax on income only, paid by everyone.

the federal income tax is a _____ -General Knowledge

Description : the federal income tax is a _____ -General Knowledge

Last Answer : The federal income tax is a progressive tax.

Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Description : Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Last Answer : The answer is 'Progressive tax'

By whom is Agricultural Income Tax assigned to the State Governments? -Do You Know?

Description : By whom is Agricultural Income Tax assigned to the State Governments? -Do You Know?

Last Answer : answer:

Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Description : Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Last Answer : answer:

Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Description : Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Last Answer : answer:

With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?

Description : With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?

Last Answer : 22500

What online personal income tax software for both federal and state taxes can you recommend?

Description : What online personal income tax software for both federal and state taxes can you recommend?

Last Answer : I recommend online personal income tax software for both federal and state taxes, as well as software to help you file an extension if you need it.cutt.ly/JjWSDSE