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Progressive Tax System

What are Progressive Taxes?

Progressive taxes are taxes that come from income that sets increased taxes burdens on people that gains household earnings that are high. The progressive tax transfers tax burdens from a low social class to a high social class; which allows people that can’t fund taxes an exemption from this burden. Progressive taxes come from a person’s personal income or a household income. Income taxes are at the state and national levels come from the United States workforce agency.

How much tax does an Intern Pharmacist have to pay compared to a full time working pharmacist in California?

The Annual amount for a person that is a pharmacist working in California is $118,810; If the person is single with standard deductions with receive a tax liability that may be $24,000 at the federal level and $8,900 to the state of California. On the other hand, a person this is only an intern pharmacist will make around $40,000. Also, if that person is single with standard deduction with tax liability; the person will be charged $4,000 at the federal level and $160 by the state of California.

What is the Minimum foreign tax payable rates in Germany?

Germany has a progressive tax rate system. If it is 8,005 to 52,881 dollars then between 15% and 42% would be the Progressive Rate for that particular class. If it is 52,882 to 250,000 dollars then the rate would be 42%. More than 250,000 dollars would have a Progressive rate of 45%. The Income Tax that is made up by people that live in Germany is based on an income that is global. People that are not a resident in Germany have to only pay taxes on income that is most German made.

If a person is working in China; What can a person expect to pay in taxes on the income in Chinese currency as a U.S. citizen and, what portion of the person’s income earned abroad will be shielded from taxation by the IRS?

If the person is a United States citizen then the person will not have to include up to United States Dollar (USD) 95,100 from the income taxes that were filed in 2012. In order for a person to get the exclusion of income that is foreign earned; the person must have income that was made in that foreign country and all the person’s home that taxes are paid on must be in that foreign location.

Which taxes at the local, state, and federal tax does a person have to pay and what does the government do with it in the state of Pennsylvania?

A person must pay income taxes on all three levels which are at the local, state, and federal level. The income taxes are used for different reasons which are spending of the government, used to fund the department of defense, and to fund local/federal programs such as schooling funding, equipment for schools, etc. The state taxes in PA are flat taxes which are regressive and progressive taxes are at the federal level.

The Progressive Tax System was established especially for people that are in the high tax bracket that earn a high income in their household. The Progressive Tax System varies depending on the state on and if it required or not. What is a Progressive Tax System? What are the Progressive Tax System Pros and Cons? Experts are here to help people that have questions that surround the Progressive Tax System.

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 572
Experience:  10 years experience
16356563
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Tax Professionals are online & ready to help you now

Wallstreet Esq.
Tax Attorney
Satisfied Customers: 570
10 years experience
Wendy Reed
Enrolled Agent
Satisfied Customers: 3052
15+ years tax preparation and tax advice.
Mark D
Enrolled Agent
Satisfied Customers: 985
MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Recent Progressive Tax Questions

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    I want to purchase a home from my uncle for $60,000, which he purchased at $40,000. I asked him would he be willing to do the gift of equity whereas he would net approximately $43,500 and I would finance $48,000 what ta consequences would he have? will he pay capital gain on the $20,000 i.e the $60000-40000
  • Hello, Sir It is me again asking about how to fill out the

    Hello, Sir
    It is me again asking about how to fill out the W-8BEN form. Because I made some mistake on the previous form, I called my bank and they sent me another copy of form. However, the new form is somehow different. Line 9 and Line 10 where I should specify the US-Canada treaty benefit on interest are not there anymore. Instead, it says "Line 9 and 10 Not Applicable to deposit interest". I dont know what to do now. Should I try to find a copy online where I can fill these two lines? I just need to solve this problem so my girlfriend who is a Canadian citizen wont get her interest taken away from bank. Thank you!
  • Hi Lev - I have 2 years unfiled tax returns that I am working

    Hi Lev - I have 2 years unfiled tax returns that I am working with a tax counselor to get resolved. i need to get a passport for 2 trips to mexico I will be taking soon - will I have any issues?
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