graduated tax Synonyms
No Synonyms and anytonyms found
graduated tax Meaning
Wordnet
graduated tax (n)
any tax in which the rate increases as the amount subject to taxation increases
graduated tax Sentence Examples
- The graduated tax system ensures that individuals with higher incomes contribute a larger proportion of their earnings.
- Under a graduated tax structure, the tax rate increases progressively as taxable income rises.
- Implementing a graduated tax system aims to promote equity and mitigate income inequality in a society.
- Countries like Canada and the United Kingdom have adopted graduated tax systems to their income tax structures.
- The effectiveness of a graduated tax system hinges on careful design to balance progressivity and economic incentives.
- The marginal tax rate in a graduated tax system represents the percentage of additional income that is taxed at the higher rate.
- Some argue that graduated taxes can disincentivize high earners from additional income generation and wealth accumulation.
- Graduated taxes are often complemented by tax credits and deductions to reduce the burden on low-income individuals.
- The implementation of graduated taxes requires a robust and efficient tax administration system to ensure compliance.
- The debate surrounding graduated taxes often centers on the optimal balance between fairness and economic efficiency.
FAQs About the word graduated tax
any tax in which the rate increases as the amount subject to taxation increases
No synonyms found.
No antonyms found.
The graduated tax system ensures that individuals with higher incomes contribute a larger proportion of their earnings.
Under a graduated tax structure, the tax rate increases progressively as taxable income rises.
Implementing a graduated tax system aims to promote equity and mitigate income inequality in a society.
Countries like Canada and the United Kingdom have adopted graduated tax systems to their income tax structures.
