proportional tax

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Related to Proportional tax rate: proportional taxation

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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The bottom section displays the aggregate variables including the proportional tax rate [T.sub.y] on income that balances the government budget and consumption equivalent variation CEV .
Once the equilibrium outcome was found for the progressive tax case, the proportional tax rate that would produce the same level of tax revenues was found.
VAT is calculated by applying proportional tax rates on the tax base for the taxable turnover of goods, services and import:
As we can see above, in the European Union, there are only 8 states which apply proportional tax rates on the income of natural persons.

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