What is PROPORTIONAL TAX?

This is a tax scheme that sees evry individual pay the same rate of tax regardless of their earnings. It is also known as a flat tax. For example each person will pay 10% tax regardless of whether they earn $100 a week or $1000 per week.

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Related Legal Terms
PROPORTIONAL REPRESENTATION (PR), PROPORTIONAL, PROPORTIONAL AGREEMENT, PROPORTIONAL REPRESENTATION, AUTOMATIC NON PROPORTIONAL REINSURANCE, AUTOMATIC NON-PROPORTIONAL REINSURANCE, AUTOMATIC PROPORTIONAL REINSURANCE, KILOWATT (KW), CAPITALIZATION OF EARNINGS, PYRAMID SCHEME


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