Lower Rate of Income Tax

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Lower Rate of Income Tax

The preferential tax treatment given to certain types of income. Lower rates of income tax are given to promote certain types of behavior. For example, capital gains are given a lower rate of income tax in order to encourage investment.
References in periodicals archive ?
We have lower rates of income tax in this country than many other countries.
While taxing the individual could be viewed as political suicide by Brown, advisers BDO Stoy Hayward says he could use the argument that the UK enjoys lower rates of income tax than our counterparts in other European countries.
The new, lower rates of income tax will give people more money to spend and to save," he said.
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