The U.S. and Canada do not use this system. It is quite controversial and certainly debatable whether or not this is a fair system.
Investment dictionary. Academic. 2012.
proportional tax — ➔ tax1 * * * proportional tax UK US noun [C] TAX ► a tax that is charged at the same rate for everyone, whatever their level of income: »National Insurance, at 11% for every employee, is a proportional tax … Financial and business terms
Proportional tax — A proportional tax is a tax imposed so that the tax rate is fixed as the amount subject to taxation increases. [Sommerfeld, Ray M., Silvia A. Madeo, Kenneth E. Anderson, Betty R. Jackson (1992), Concepts of Taxation , Dryden Press: Fort Worth,… … Wikipedia
proportional tax — noun any tax in which the rate is constant as the amount subject to taxation increases • Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement * * * noun : a tax in which the tax rate remains constant regardless of the amount of the tax base * * *… … Useful english dictionary
proportional tax — noun Date: circa 1943 a tax in which the tax rate remains constant regardless of the amount of the tax base … New Collegiate Dictionary
proportional tax — See: flat tax … Accounting dictionary
proportional tax — See flat tax … Big dictionary of business and management
tax — 1 vt [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1: to assess or determine judicially the amount of (costs of an action in court) 2: to levy a tax on tax the corporation tax capital gains tax·er n tax 2 … Law dictionary
proportional — proportional, proportionate, commensurate, commensurable are often used without marked distinction because all mean being duly proportioned to something else. Proportional and proportionate both imply due proportions either to a related thing or… … New Dictionary of Synonyms
Tax — Taxation An aspect of fiscal policy … Wikipedia
Tax rate — For a type of taxation system in the United Kingdom and elsewhere, see Rates (tax). Taxation An aspect of fiscal policy … Wikipedia
