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5.1 Flat Tax & Political Philosophy

5.1 Flat Tax & Political Philosophy
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  • Math Help

    Note in the solution to Example 4(b) that property tax for some Americans is regressive. For instance, this tax becomes regressive for older taxpayers with fixed incomes living in homes purchased many years earlier that currently have high reassessed real estate values.

  • Consumer Suggestion

    Many farms are now selling products to the public through farmer's markets, food coops, farm stands, and community supported agriculture (CSA) programs.

    To find a local farm, market, or CSA program near you, visit Local Harvest.

  • Checkpoint Solution

    Sample answer:

    I disagree. Estate taxes are progressive taxes, not regressive taxes. Farms account for a small percentage of estates that exceed the exclusion amount.

    ( Source: Calculating Estate Tax Liability )

  • Comments (2)

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    system user
    Guest   6 years ago |
    There are some great articles about taxes at www.ntu.org, the National Taxpayers Union.
    0
    system user
    Ron Larson (author)6 years ago |
    I think the graph on page 205 is fascinating. Here are three of the most common types of taxes: one is regressive, one is flat (or proportional), and one is progressive (or graduated).
    0
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