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The income for a family in the second 20% is $25,000. How much, in dollars, does this family pay for each type of tax?
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Sales & Excise Taxes: Property Taxes: Income Taxes:
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Determine whether each type of tax is regressive, flat, or progressive in Alabama. Explain your reasoning.
- Sales and exercise taxes
- Property taxes
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Alabama has a graduated income tax. The table shows the marginal tax rates for the "single" and "married filing jointly" statuses.
Find the state income tax and the effective tax rate for a single taxpayer with a taxable income of $30,000.
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The spreadsheet shows the calculations for a single taxpayer.
So, the taxpayer owes $1460 in state income tax.
Notice that Alabama's state income tax rate is essentially flat. If it was a flat rate of 5%, the taxpayer would owe $1500 in state income tax, which is only $40 more.
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Alabama has a graduated income tax. The table shows the marginal tax rates for the "single" and "married filing jointly" statuses.
Find the state income tax and the effective tax rate for a married couple filing jointly with a taxable income of $100,000.
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Alabama has a graduated income tax. The table shows the marginal tax rates for the "single" and "married filing jointly" statuses.
Analyze the following statement.
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In Alabama, it is only the first $500 of income that is subject to a tax rate of 2%. The next $2500 is subject to a tax rate of 4%. All remaining income is subject to the full tax rate of 5%.
The means that most taxpayers in Alabama pay "almost" 5% state income tax.
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