The key concept of progressive income taxation?
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erroll
Apprentice
Joined: 05 Jul 2007
Posts: 10
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 Posted: 07/15/08 - 06:12 Post subject: |
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| I know that taxes are confusing to most of the people. No one wants to think about it. They know that it has to be paid and that is all. Still, there are people who want to learn more about it. I am in this group. Can you explain to me what is the key concept of progressive income taxation? Have you ever thought about it? |
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denver
Apprentice
Joined: 05 Jul 2006
Posts: 3
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| Posted: 08/13/08 - 22:01 Post subject: |
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| Basically the key concept of progressive income taxation is that people that cannot afford paying tax in full, will pay the amount that is being reduced. That amount will be transferred and will be paid but the rich people who can afford paying it. It is a good concept and many economists support it. I hope this was helpful. |
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