The Center For Debt Management ... Serving the online community since 1992!
Center4DebtManagement.com ... Always open 24 / 7


Regressive Taxes - How Does It Work?

 
Here's how it works:
Let's say the tax is $800 dollars per year. Under this Regressive Tax system, that's $800 for everyone, regardless of their income.

If you have a part-time job and earn $2,600 per year, an $800 tax bill means you're paying about 30% of your income in taxes.

Pie Graph

If you earn $8,000 a year working at the local movie theater, you get to watch all the latest flicks, but you're not going to be buying a yacht or retiring anytime soon. $800 in taxes means you're paying 10% of your income in taxes.
Pie Graph

If your cousin with the business degree earns $80,000 a year at some big company in town, $800 translates to just 1% of her income.

Regressive Taxes take a larger percentage of income from low-income groups than from high-income groups.




 
Pie Graph
Outer Magnolia - Dead Man's Gulch - Hamalot City - Detective's Challenge - Solving the Case


Home - Contents - Teachers Toolkit - TaxTerms - Email & Help - Search
Back to What Is Fair?

Note: For more information and resources on this subject, go to the U.S. Tax Center.
Credit and Financing may also be of interest when looking for credit and financing options.

Got Debt?   Settle Your Debt For Less.   Go to Debt Settlement Services

Center For Debt Management

The Center For Debt Management™

Helping Consumers Save Money and Reduce Debt Is Our Only Business!™

We invite you to explore the sectors listed below. We promise that you'll find exceptional values, offers and resources in which to reduce your living expenses and to enjoy life!


Debt Management and Financial Services! The Internet's oldest and most comprehensive debt management agency! Resources for debt management, consumer credit counseling, debt consolidation, debt reduction settlements, legal aid, financial aid, loans and financing, credit repair, credit reports, insurance quotes, income sources, tax assistance, and more.

Established in 1989 and serving the online community since 1992!


This site was created and designed by Daniel A. Gelinas
Disclaimer and Privacy Policy      © Copyright  2007 "The Center For Debt Management"      Contact Us
Center For Debt Management