Business, 11.11.2020 17:30 korban23

Income taxes are taxes levied based on the income you earn. In the U. S., income taxes are progressive, which means that people with higher incomes pay a higher percentage of their income in taxes. Some lawmakers advocate a flat tax, in which every income earner pays the same percentage of income in taxes. A flat tax would significantly reduce the paperwork and rules and regulations associated with the income tax. However, changing the tax rules would cause much disruption in the economy as people changed their economic behavior in response to the change in the tax law. a. True
b. False

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Income taxes are taxes levied based on the income you earn. In the U. S., income taxes are progressi...

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