Definition of Graduated Income Tax
Income taxes are levied by governments on the income of citizens to raise money for government services and programs. Taxes can be regressive or graduated. Regressive taxes tax a smaller percentage of income from wealthier individuals while graduated...
Pitt's new graduated (progressive) income tax began at a levy of 2 old pence in
the pound (1/120) on incomes over £60 (£5,641 as of 2015), and increased up to
Definition of graduated income tax: nouna tax which rises in steps, with those
having the highest income paying the highest percentage of tax.
www.thefreedictionary.com/Graduated income tax
Define Graduated income tax. Graduated income tax synonyms, Graduated
income tax pronunciation, Graduated income tax translation, English dictionary ...
financial-dictionary.thefreedictionary.com/Graduated income tax
A system of taxation in which persons or corporations are assessed at a greater
percentage of their income according to the theoretical ability to pay. That is ...
graduated income tax - noun a tax which rises in steps, with those having the
highest income paying the highest percentage of tax.
Definition of Graduated Income Tax. Income taxes are levied by governments on
the income of citizens to raise money for government services and programs.
Graduated definition, characterized by or arranged in degrees, especially ... (of a
tax) increasing along with the taxable base: a graduated income tax. Origin of ...
marked with lines for measuring. : gradually increasing. of a tax : increasing in
rate as the thing being taxed (such as income) increases. Yes, irregardless" is a ...
At first, Congress placed a flat 3-percent tax on all incomes over $800 and later
modified this principle to include a graduated tax. Congress repealed the income