Progressive tax
A progressive tax is a tax in which the tax rate increases as the taxable base amount increases. The term "progressive" refers to the way the tax rate progresses from low to high, with the result that...
Joe Lieberman on Rep. Ocasio-Cortez
"I certainly hope she’s not the future and I don’t believe she is." Joe Lieberman, a former Democrat from Connecticut who became an independent, says New York Rep. Alexandria Ocasio-Cortez is not...
Marginal tax rate
In a tax system and in economics, the tax rate describes the ratio (usually expressed as a percentage) at which a business or person is taxed. There are several methods used to present a tax rate: st...
Effective tax rate
In a tax system and in economics, the tax rate describes the ratio (usually expressed as a percentage) at which a business or person is taxed. There are several methods used to present a tax rate: st...
Tax rates around the world
Comparison of tax rates around the world is difficult and somewhat subjective. Tax laws in most countries are extremely complex, and tax burden falls differently on different groups in each country an...
Effective marginal tax rate
The effective marginal tax rate (EMTR) is the combined effect on a person's earnings of income tax and the withdrawal of means testing of state welfare benefits. The EMTR is the percentage of an extra...