proportional tax


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Related to proportional tax: degressive tax

proportional tax

A tax that charges the same percentage of income,regardless of the amount of income;also called a flat-rate tax.

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Thus, John Stuart Mill's formula of the "ability to pay" doctrine in the 19th century calls for a proportional tax on income above subsistence (see Musgrave 1985, p.
Income from capital is subject to a proportional tax of 30 percent.
The elimination of the proportional tax break would generate 3.
The government's tax panel started talks Tuesday on tax reform for fiscal 2005, focusing on reviewing proportional tax cuts introduced in 1999 in a bid to restore the nation's dwindling finances.
Nor does it follow that just any arbitrary magnitude of the proportional tax is justified.
The progressive feature is needed, because a merely proportional tax would impinge in a more or less parallel way upon both the innocent and the guilty, that is, upon both material and positional consumption.
Theoretical treatment to tax evasion has been given by Allingham and Sandmo (1972) in which a model for income tax evasion is discussed in the context of proportional tax system.
The change in welfare for any household subject to the marginal redistribution policy of a demogrant financed by a proportional tax can be found by substituting [dB.

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