Asked by Cassandra Ramirez on Jun 16, 2024
Verified
In the United States, all families pay the same proportion of their income in taxes.
Income in Taxes
refers to the portion of individuals' or businesses' earnings that is paid to the government as tax.
- Understand the concepts of tax efficiency, evasion, avoidance, and equity.
Verified Answer
KG
Karan GuptaJun 19, 2024
Final Answer :
False
Explanation :
In the United States, the tax system is progressive, meaning that people with higher incomes generally pay a higher percentage of their income in taxes compared to those with lower incomes. Additionally, different types of taxes (federal income tax, state tax, sales tax, etc.) can affect families differently based on their income levels and spending habits.
Learning Objectives
- Understand the concepts of tax efficiency, evasion, avoidance, and equity.