taxation schedule

Taxation scheduleclick for a larger image
Fig. 181 Taxation schedule.

taxation schedule

a schedule that depicts the relationship between TAXATION receipts and the level of NATIONAL INCOME. Under PROGRESSIVE TAXATION, the schedule has a positive slope, that is, tax receipts rise as the level of income rises (see Fig. 181 ). Likewise, receipts from expenditure taxes will be greater as the level of spending rises. See also FISCAL DRAG, PROPENSITY TO TAX.
References in periodicals archive ?
Since the eurocrisis, Taylor explains, "reforms to reinforce economic governance and mutualism risk have stalled" Germans prefer enforced fiscal discipline while the French favor a common budget and taxation schedule, with more joint borrowing and entitlement programs, but without EU oversight.
The proposed taxation schedule would, according to analyst Julio Francisco Baez, increase collections by at least 1% of GDP, or about US$25 million.
The company is taking advantage of NetSuite OneWorld's support for more than 190 currencies and country-specific taxation schedules for purchasing with international vendors.