A report on Tax rate, Tax and Proportional tax
In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.
- Tax rateA proportional tax is a tax imposed so that the tax rate is fixed, with no change as the taxable base amount increases or decreases.
- Proportional taxIn a proportional tax, the tax rate is fixed and the average tax rate equals this tax rate.
- Tax rateA progressive tax is a tax imposed so that the effective tax rate increases as the amount to which the rate is applied increases.
- TaxIn between is a proportional tax, where the effective tax rate is fixed, while the amount to which the rate is applied increases.
- Tax1 related topic with Alpha
Flat tax
0 linksA flat tax (short for flat-rate tax) is a tax with a single rate on the taxable amount, after accounting for any deductions or exemptions from the tax base.
It is not necessarily a fully proportional tax.