Progressive Taxation in Theory and Practice (Classic Reprint)

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Excerpt from Progressive Taxation in Theory and PracticeFinally there is a third method possible. The tax rate may increase up to a certain amount, but re main constant beyond that fixed point. There may be progression up to a definite limit, and proportion thereafter. The usual term for this is degressive taxation.' The proportional rate is regarded as the normal rate, but on all sums counted downward below this limit the tax rate gradually diminishes. Degressive taxation is also graduated taxation, and one of its most common forms.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.