Basic rate: Difference between revisions
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''Tax - Income Tax''. | 1. ''Tax - Income Tax''. | ||
A basic rate of income tax is the rate most commonly paid by the largest number of taxpayers on the largest proportion of their taxable income. | A basic rate of income tax is the rate most commonly paid by the largest number of taxpayers on the largest proportion of their taxable income. | ||
The charging of higher rates on higher levels of taxable income is generally part of a tax regime designed to be progressive. | The charging of higher rates on higher levels of taxable income is generally part of a tax regime designed to be progressive. | ||
2. ''Other measures and calculations''. | |||
In other contexts, any default amount of money - or other amount or proportion - used for calculation of a standard entitlement or measure. | |||
==See also== | ==See also== | ||
*[[Basic bank account]] | |||
*[[Basic earnings per share]] | |||
*[[Basic indicator approach]] | |||
*[[Basic State Pension]] | |||
*[[Cliff edge]] | *[[Cliff edge]] | ||
*[[Default]] | |||
*[[Higher rate]] | *[[Higher rate]] | ||
*[[Income Tax]] | *[[Income Tax]] | ||
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*[[Rule]] | *[[Rule]] | ||
*[[Tax]] | *[[Tax]] | ||
*[[Universal basic income]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 12:12, 1 November 2023
1. Tax - Income Tax.
A basic rate of income tax is the rate most commonly paid by the largest number of taxpayers on the largest proportion of their taxable income.
The charging of higher rates on higher levels of taxable income is generally part of a tax regime designed to be progressive.
2. Other measures and calculations.
In other contexts, any default amount of money - or other amount or proportion - used for calculation of a standard entitlement or measure.
