average propensity to tax

average propensity to tax (APT)

the fraction of a given level of NATIONAL INCOME that is appropriated by the government in TAXATION:

See also PROPENSITY TO TAX, MARGINAL PROPENSITY TO TAX, AVERAGE RATE OF TAXATION.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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