PROPORTIONAL TAX
\pɹəpˈɔːʃənə͡l tˈaks], \pɹəpˈɔːʃənəl tˈaks], \p_ɹ_ə_p_ˈɔː_ʃ_ə_n_əl t_ˈa_k_s]\
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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.
By Henry Campbell Black
Word of the day
Elizabeth Sara Sheppard
- An English novelist; born at Blackheath, 1830; died Brixton, March 13, 1862. She wrote noted "Charles Auchester"(1853), mystical art novel; "Counterparts, or the Cross of Love"(1854); "My First Season"(1855); "The Double Coronet"(1856); "Rumor", a musical and artistic novel(1858).