Proportional Tax

  • 2 Posts
  • 1 Sections
  • 1 Types
Definitions
Flat Tax
Flat Tax Proportional Tax Income Tax Tax Administration Tax Policy Russia Eastern Europe Tax Avoidance
A flat tax is a simple proportional tax system with a single rate. It has no reliefs or exemptions apart from a standard personal allowance, thereby streamlining tax compliance and administration.
Read more about Flat Tax.
Definitions
Proportional Tax
Proportional Tax Flat Tax Taxation Income Tax Tax System Economic Policy
A proportional tax, also known as a flat tax, imposes the same percentage rate of taxation on everyone, regardless of income or wealth level.
Read more about Proportional Tax.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.