Proposed Progressive Tax Structure for Leoni: A Fair Solution for Citizens, Diapositivas de Inglés

¡Descarga Proposed Progressive Tax Structure for Leoni: A Fair Solution for Citizens y más Diapositivas en PDF de Inglés solo en Docsity! ny. STRUCTURES LAURA VANCELLS SCENARIO The country of Leoni has reached out to the Council for assistance in revising their tax structure. The people of Leoni have protested in regards to the current tax situation and they have claimed that they will not pay any more taxes until a fair system is in place. Taxes collected from the citizens are the main source of income for the government of Leoni so they really need your help in presenting a tax change to the people. A COUNTRY WHERE THIS TAX SYSTEM IS USED An example of another country that uses it is in the United States. The federal income tax is a progressive tax because the tax rate increases with income. In addition, in Spain, IRPF tax (tax on rent for natural persons) is also a progressive tax. The higher your salary, the higher the percentage. Most states have progressive income taxes. State tax rates range from less than 1% to more than 10%. WHY IS THIS TAX IMPORTANT? Itis very important to have an appropriate tax system in a country. Part of a country's economy depends on the tax system to sustain it. The money the government spends on public goods or services comes from taxes, so the better and more effective the system, the more money they spend on citizens. A progressive tax structure is more important for people with lower incomes because they will be able to pay taxes and still be able to pay other expenses WHAT WILL THEY DO FOR THE CITIZENC? The Leoni country will be able to use the income of citizens to take many actions for the government. With a more effective tax system, they will get more money, and citizens will be happy to pay. The government can use this revenue for public services such as education or the public health system. They will also be able to pay for public buildings such as schools, sports centers, shopping centers or cultural centers, thereby improving people's quality of life.