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Tax Rates , FLAT TAX PROVISION (ISSUE)
A flat tax taxes everybody at the same tax rate. A graduated tax taxes at different tax rates. In the late-1990s flat tax… Tax Exemption , tax-ex·empt • adj. not liable or obligated to pay taxes: the foundation has applied for tax-exempt status. ∎ bearing interest on which no taxes are i… Regressive Tax , A tax with a rate that decreases as the taxpayer's income increases.
The result of a regressive tax is that the lower-income taxpayer pays a larger p… Income Tax , An income tax is a portion of an individual or business’s earnings that is collected by the government. The income tax is charged, or levied, as a pe… Taxation , Governments need money so they can provide important services to their citizens. Such services can include national defense from foreign threats, pol… Poll Tax , Poll taxes, also known as head taxes, soul taxes, or capitation taxes, are taxes that are levied upon individuals, rather than on income or property.…
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NEARBY TERMS
after-tax