graduated tax


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Related to graduated tax: progressivity, Graduated income tax
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Synonyms for graduated tax

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

References in periodicals archive ?
If so elected, the eight percent tax shall be levied on the gross sales or receipts and other non-operating income without the benefit of a P250,000 deduction while the zero-35 percent graduated tax schedule which considers the P250,000 deduction shall be levied on the employment income.
For mixed-income earners, the income from compensation shall be taxed following the graduated tax rate of 20 percent to 35 percent, while the taxable income from business and other income shall be subject to either graduated tax rate of 20 percent to 35 percent, or at 8-percent tax based on gross sales or receipts in excess of the income subject to zero-percent tax, at the option of the taxpayer.
One exception is that graduated tax rates will apply to the first 36 months after the death of an individual for that individual's estate, provided a designation is.
1348, a taxpayer was not entitled to the benefits of the maximum graduated tax rate limitation on personal service income if capital was a material income-producing factor with respect to that service.
Motorcyclists will pay a graduated tax depending on the fuel efficiency of their bikes.
IRC section 448(d)(2) imposed a flat tax rate of 35% on the taxable income of qualified personal service corporations, prohibiting them from using the graduated tax rates of 15% to 35% available to most corporations.
A flat tax is better than the 7 million-word graduated tax code we have now because it does not punish anybody, including the investors, the savers and the retired.