An example of a proportional tax would be if a country has a 20% flat tax on income for everyone. So regardless of how much a person makes, they would simply pay 20% of their overall income in taxes.Proportional Tax Definition Proportional tax, also referred to as proportional taxation, ...
proportional tax (redirected fromProportional taxes) Dictionary Thesaurus proportional tax A tax that charges the same percentage of income,regardless of the amount of income;also called a flat-rate tax. The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyri...
proportional tax.A definition of the term proportional tax is presented. It refers to a tax which is strictly proportional in amount to the value of the item being taxed, especially income.EBSCO_bspBloomsbury Business Library Business & Management Dictionary...
Top Definition forProportional Allocation Related toProportional Allocation Contribution AllocationThe Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption...
a structure ofTAXATIONin which tax is levied at a constant rate asINCOMErises, for example, 10% of each increment of income as income rises. This form of taxation takes the same proportion of tax from a low-income taxpayer as from a high-income taxpayer. ComparePROGRESSIVE TAXATION,REGRESSIVE...
Define Proportional tax rate. Proportional tax rate synonyms, Proportional tax rate pronunciation, Proportional tax rate translation, English dictionary definition of Proportional tax rate. Noun 1. proportional tax - any tax in which the rate is constant
Definition of proportional in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is proportional? Meaning of proportional as a legal term. What does proportional mean in law?