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...
A progressive tax is a tax in which the tax rate increases as the taxable amount
increases. ... Pitt's new graduated (progressive) income tax began at a levy of 2
old pence in the pound ..... (1...
Definition of graduated income tax: nouna tax which rises in steps, with those
having the highest income paying the highest percentage of tax.
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Definition of Graduated income tax in the Financial Dictionary - by Free online
English dictionary and encyclopedia. What is Graduated income tax? Meaning of
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Graduated income tax synonyms, Graduated income tax pronunciation,
Graduated income tax translation, English dictionary definition of Graduated
Aug 2, 2009 ... Definition of Graduated Income Tax. Income taxes are levied by governments on
the income of citizens to raise money for government services ...
Define graduated tax. graduated tax synonyms, graduated tax pronunciation,
graduated tax ... Related to graduated tax: progressivity, Graduated income tax.
graduated income tax - noun a tax which rises in steps, with those having the
highest income paying the highest percentage of tax.
A tax that takes a larger percentage from the income of high-income earners than
it does from low-income individuals. The United States income tax is ...