proportional tax

proportional tax
any tax in which the rate is constant as the amount subject to taxation increases
Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement

* * *

: a tax in which the tax rate remains constant regardless of the amount of the tax base

* * *

proportional tax,
a tax whose rate remains the same, whether it is applied to a small or a large sum. A tax levied on a fixed proportion of everyone's income, such as $5 for every $100 of income, is a proportional income tax.

Useful english dictionary. 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • proportional tax — ➔ tax1 * * * proportional tax UK US noun [C] TAX ► a tax that is charged at the same rate for everyone, whatever their level of income: »National Insurance, at 11% for every employee, is a proportional tax …   Financial and business terms

  • Proportional tax — A proportional tax is a tax imposed so that the tax rate is fixed as the amount subject to taxation increases. [Sommerfeld, Ray M., Silvia A. Madeo, Kenneth E. Anderson, Betty R. Jackson (1992), Concepts of Taxation , Dryden Press: Fort Worth,… …   Wikipedia

  • proportional tax — noun Date: circa 1943 a tax in which the tax rate remains constant regardless of the amount of the tax base …   New Collegiate Dictionary

  • Proportional Tax — An income tax that takes the same percentage of income from everyone regardless of how much (or little) an individual earns. The U.S. and Canada do not use this system. It is quite controversial and certainly debatable whether or not this is a… …   Investment dictionary

  • proportional tax — See: flat tax …   Accounting dictionary

  • proportional tax — See flat tax …   Big dictionary of business and management

  • tax — 1 vt [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1: to assess or determine judicially the amount of (costs of an action in court) 2: to levy a tax on tax the corporation tax capital gains tax·er n tax 2 …   Law dictionary

  • proportional — proportional, proportionate, commensurate, commensurable are often used without marked distinction because all mean being duly proportioned to something else. Proportional and proportionate both imply due proportions either to a related thing or… …   New Dictionary of Synonyms

  • Tax — Taxation An aspect of fiscal policy …   Wikipedia

  • Tax rate — For a type of taxation system in the United Kingdom and elsewhere, see Rates (tax). Taxation An aspect of fiscal policy …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”