graduated tax
Tax structured so that the rate increases as the amount of income of taxpayer increases.

Dictionary from West's Encyclopedia of American Law. 2005.

graduated tax
Tax structured so that the rate increases as the amount of income of taxpayer increases.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • graduated tax — ➔ tax1 * * * graduated tax UK US noun TAX ► PROGRESSIVE TAX(Cf. ↑progressive tax) …   Financial and business terms

  • graduated tax — A term sometimes applied to a progressive tax. Precisely, an inheritance or succession tax under rates which change according to the degree of relationship between the decedent and the heir or successor. State ex rel. Foot v Bazille, 97 Minn 11,… …   Ballentine's law dictionary

  • graduated tax — noun any tax in which the rate increases as the amount subject to taxation increases • Syn: ↑progressive tax • Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement …   Useful english dictionary

  • graduated tax — An alternative term for *progressive tax …   Auditor's dictionary

  • tax — 1 vt [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1: to assess or determine judicially the amount of (costs of an action in court) 2: to levy a tax on tax the corporation tax capital gains tax·er n tax 2 …   Law dictionary

  • tax — ▪ I. tax tax 1 [tæks] noun [countable, uncountable] TAX an amount of money that you must pay to the government according to your income, property, goods etc, that is used to pay for public services: • The President said he would cut taxes for… …   Financial and business terms

  • tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid …   Black's law dictionary

  • graduated — grad‧u‧at‧ed [ˈgrædʒueɪtd] adjective TAX if a tax on income is graduated, the more you earn, the more tax you pay: • This income is subject to taxation at the normal graduated rates. * * * graduated UK US /ˈgrædjueɪtɪd/ adjective ► divided into… …   Financial and business terms

  • graduated — grad·u·at·ed / gra jə ˌwā təd/ adj of a tax: increasing in rate with increase in taxable base: progressive Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • tax — I n. 1) to impose, levy, put a tax on 2) to collect a tax from 3) to pay a tax (to pay a tax on a new car; to pay a large sum in taxes; to pay a tax to the government) 4) to increase, raise taxes 5) to cut, lower, reduce taxes 6) to rescind,… …   Combinatory dictionary

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