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proportional tax |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.01 sec. |
proportional taxTax which takes an equal proportion of income whatever the taxpayer's income. This contrasts with regressive tax where the proportion paid falls as income increases, and progressive tax where the proportion paid increases. Value-added tax is often said to be an example of a proportional tax. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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