rate of tax
Learn about this topic in these articles:
Laffer curve
- In Arthur Laffer
…propounded the idea that lowering tax rates could result in higher revenues. His theory on taxes influenced U.S. economic policy in the 1980s.
Read More
property tax
- In property tax: Tax rates
Given the frequency of below-market assessments, nominal tax rates give a misleading impression of the tax burden shouldered by property owners. Formerly, when government functions were limited and the property tax was the sole source of local income, tax rates were determined simply…
Read More
taxation
- In taxation: Proportional, progressive, and regressive taxes
…distinguish between several concepts of tax rates. The statutory rates are those specified in the law; commonly these are marginal rates, but sometimes they are average rates. Marginal income tax rates indicate the fraction of incremental income that is taken by taxation when income rises by one dollar. Thus, if…
Read More