proportional tax
A flat-rate taxation system, i.e. one that imposes the same rate of tax on all income levels.
Proportional Tax
An income tax that takes the same percentage of income from everyone regardless of how much (or little) an individual earns.
proportional taxation
tax whose burden is applied equally to the poor and to the wealthy. Contrast with progressive tax , regressive taxation .
Proportional Tax
A tax taking the same percentage of income regardless of the level of income.
Sales Tax ...
Proportional taxation A tax system in which, regardless of an individual's income, the tax bill comprises exactly the same proportion. Also called a flat rate tax.
proportional tax a tax for which the amount of an individual's taxes as a percentage of income is constant as the person's income rises. (14)
protectionist policy a policy that restricts trade to protect domestic producers. (18) ...
Proportional tax - A tax that takes a constant percentage of income at all levels of income and is thus progressive nor regressive. In many country's company tax or profits tax is proportional.
PROPORTIONAL TAX: A tax in which people pay the same percentage of income in taxes regardless of their incomes. Here's an example of a proportional tax -- You earn $10,000 a year and your boss gets $20,000.
Sales tax Â- VAT Â- Flat tax
Tax, tariff and trade
Tax haven Â- Property tax
Tax incidence
Tax rate Â- Proportional tax
Progressive tax Â- Regressive tax
Tax advantage Â- Fixed tax
Excess burden of taxation ...
proportional tax A system, where all levels of income are taxed at the same rate. Also known as flat tax. proposal A formal description of the creation or termination of a contract. A proposal...
 See also: Progressive tax, Regressive tax, Saving, Sales tax, Expense
  
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