Zusammenfassung der Ressource
Chapter 1: An Introduction to Tax
- How to Calculate Tax
- Tax = Tax Base x Tax Rate
- How to Calculate a Tax
- Tax Base x Tax Rate
- The tax rate is usually
expressed as a percentage.
- Marginal Tax Rate
- (New total tax - Old total tax) / (New taxable income - Old taxable income)
- Average Tax Rate
- Total tax / Taxable income
- Proportional Tax Rate Structure
- Imposes a constant tax rate throughout the tax base. As the tax base increases, the taxes paid increase proportionally.
- Progressive Tax Rate Structure
- Imposes an increasing marginal tax rate as the tax base increases
- Regressive Tax Rate Structure
- Imposes a decreasing marginal tax rate as the tax base increases