Publisher's Synopsis
Excerpt from Progressive Taxation in Theory and Practice
Finally, a third method is possible. The tax rate may increase up to a certain amount, but remain con stant beyond that fixed point. There may be progression up to a definite limit. And proportion thereafter. The usual term for this is degressive taxation.8 The propor tional rate is regarded as the normal One, but On all sums counted downward below this limit the tax rate gradually diminishes. Degressive taxation is also graduated taxa tion, and one Of its most common forms.
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