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Questions and Answers
Which type of tax levies the same percentage regardless of income level?
Which type of tax levies the same percentage regardless of income level?
- Proportional Tax (correct)
- Progressive Tax
- Regressive Tax
- Variable Tax
What is a defining feature of a progressive tax system?
What is a defining feature of a progressive tax system?
- Tax rate decreases as income increases
- Tax rate increases with higher income levels (correct)
- Tax is only applied to capital gains
- Tax rate remains constant for all income levels
In which taxation system does the tax burden disproportionately affect lower-income individuals?
In which taxation system does the tax burden disproportionately affect lower-income individuals?
- Proportional Tax
- Flat Tax
- Regressive Tax (correct)
- Progressive Tax
Which taxation type is specifically mentioned in the 1987 Constitution?
Which taxation type is specifically mentioned in the 1987 Constitution?
How does a regressive tax system operate?
How does a regressive tax system operate?
Flashcards
Proportional Taxation
Proportional Taxation
A tax system where everyone pays the same percentage of their income, regardless of how much they earn.
Progressive Taxation
Progressive Taxation
A tax system where higher earners pay a larger percentage of their income in taxes.
Regressive Taxation
Regressive Taxation
A tax system where lower earners pay a larger percentage of their income.
Progressive Tax System
Progressive Tax System
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Progressive Taxation in the Philippine Constitution
Progressive Taxation in the Philippine Constitution
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Study Notes
Tax Systems
- Proportional taxation: A fixed percentage of income is taxed, regardless of income level.
- Progressive taxation: As income increases, the tax percentage also increases.
- Regressive taxation: As income increases, the tax percentage decreases. This is linked to the 1987 Constitution.
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