Home Business & FinancePersonal FinanceTax Subscribe to RSS

Does Earning A Higher Income Mean Pay Taxes?

Answer Question

1 Answer - Sort by: Date | Rating

    Most countries including the USA have a 'progressive' tax system, that is, the more you make, the higher the tax bracket you will fall into.  There are exceptions.  Some high income people pay less tax because of some business activity with write-offs, or because some of their income is taxed at preferred capital gains rates.  But generally, a higher income will mean paying more taxes.
    1 0

    Nic7320 

    answered 1 year ago

      Answer Question - Answers are editable for 5 min.

      If you do not Sign-in or Register your answers will

      be anonymous, your answers may also be

      checked before going online.

      0

      More

       
       

      Ask a Question via Twitter

      Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

      Blurtit Store

      Get T-shirts, hoodies, caps and more at the Blurtit store

      Blurtit International