Progressive Taxation

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Definitions
Effective Tax Rate
Effective Tax Rate Taxpayer Liability Total Taxable Income Progressive Taxation Tax Rates Tax Calculation
The effective tax rate represents the average rate at which an individual or a corporation is taxed on earned income.
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Definitions
Income Tax
Income Tax Direct Tax Progressive Taxation UK Tax Legislation Taxable Income Allowances Deductions Employment Income
A direct tax on an individual’s income, generally levied at progressive rates, with income classified under various headings as per UK tax legislation.
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