In what ways can the Social Security payroll tax be characterized as a regressive tax?
What will be an ideal response?
The Social Security payroll tax exacts a higher percentage of tax from low-paid works than from the more affluent since earnings over a certain level are not taxed. It is also regressive because workers bear the burden of the employers’ contributions because employers count their contributions as a part of the cost of employing a worker and then reduce wages or the number of employees accordingly. In addition, the tax is regressive because it only applies to salaries and wages, not to earnings from dividends or interest which mainly accrue to the more affluent.
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The concept of individualistic, moralistic, and traditionalistic cultures was formulated in the 1960s. Since then, however:
A. the South is becoming more traditionalistic. B. the South is becoming less traditionalistic. C. few changes are occurring in any of the nation's regions. D. the population of the Southwest is becoming less diverse, with fewer ethnic and racial minorities.
During the administration of Jimmy Carter the Departments of Energy and Education were created
Indicate whether the statement is true or false