proportional tax Synonyms

proportional tax Meaning

Wordnet

proportional tax (n)

any tax in which the rate is constant as the amount subject to taxation increases

proportional tax Sentence Examples

  1. A proportional tax imposes the same percentage rate of taxation on all individuals regardless of income level.
  2. In a proportional tax system, everyone pays the same proportion of their income in taxes.
  3. Critics argue that a proportional tax disproportionately burdens lower-income individuals compared to those with higher incomes.
  4. Some countries use a proportional tax model for certain types of taxation, such as sales tax.
  5. Proportional tax systems are often seen as fair because everyone contributes proportionally to their income.
  6. The flat tax is a type of proportional tax that applies a single tax rate to all income levels.
  7. Economists debate the merits of proportional tax systems compared to progressive or regressive tax systems.
  8. Proportional taxes are sometimes criticized for their potential to widen income inequality.
  9. Advocates of a proportional tax argue that it simplifies the tax code and promotes economic growth.
  10. The government implemented a proportional tax on luxury goods to generate additional revenue.

FAQs About the word proportional tax

any tax in which the rate is constant as the amount subject to taxation increases

flat tax, estate tax, death tax, inheritance tax, income tax, excise, supertax, value-added tax, custom(s), direct tax

No antonyms found.

A proportional tax imposes the same percentage rate of taxation on all individuals regardless of income level.

In a proportional tax system, everyone pays the same proportion of their income in taxes.

Critics argue that a proportional tax disproportionately burdens lower-income individuals compared to those with higher incomes.

Some countries use a proportional tax model for certain types of taxation, such as sales tax.