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proportional tax
2 dictionary results for: Proportional tax
WordNet - Cite This Source - Share This
| proportional tax | |
noun | |
| any tax in which the rate is constant as the amount subject to taxation increases |
WordNet® 3.0, © 2006 by Princeton University.
Investopedia - Cite This Source - Share This
Proportional Tax
An income tax that takes the same percentage of income from everyone regardless of how much (or little) an individual earns.
Investopedia Commentary
The US and Canada do not use this system. It is quite controversial and certainly debatable whether or not this is a fair system.
See also: Progressive Tax, Regressive Tax
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