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A proportionate tax is an income tax system in which everyone, regardless of income, pays the same percentage tax. Low, middle, and high-income taxpayers all face the same  proportional tax . Flat taxes are a term that is used to describe proportional taxes. A progressive or marginal tax system, on the other hand, adjusts tax rates as income rises. Tax rates are lower for low-income earners than for high-income ones. Proportional Taxes as an Example All taxpayers under a proportionate tax system must pay the same percentage of their income in taxes. If the rate is set at 20%, a taxpayer earning $10,000 will pay $2,000, while a taxpayer making $50,000 will pay $10,000. Similarly, a millionaire would pay $200,000 in taxes. Proponents of proportional taxes argue that they boost the economy by encouraging people to work more because there is no penalty for earning more money. They also believe that a  flat tax  structure will encourage firms to spend and invest more, resultin...

Long gone are the days when betting companies offering a mobile browser-friendly platform expanded their customer base. Today, they have to invest in dedicated smartphone apps for Android and iOS platforms to stand in the market. There are several companies in the market that increase the competition to attract new customers. Moreover, customers always look for a personalized user experience, which is not possible without a dedicated mobile app. In this article, we will see how mobile apps are impacting the economy and discuss some perks of wagering apps. Impact Of Wagering And Gambling Apps On Economy The online betting and gambling industry is booming with the legalization of sports betting in the US. Moreover, the industry has leveraged the power of new technologies to spread its wings. Major companies in the domain are investing in mobile apps to offer convenient service access. There is a forecast for the  online betting and gambling industry  market size to rise by 86% i...