Above par - Definition

The term directs to progressive taxes. Progressive tax maintains a system of changing tax according to person's income and Ability to pay accordingly. This means people with lower income get the benefit to pay tax at a lower Rate than those enjoying higher income and wealth.

Terms near "Above par"

Absolute advantage
Absolute priority rule
Absorption rate
Abstract title
Abusive tax shelter
Accelerated benefits
Accelerated Cost Recovery System
Accelerated Depreciation
Acceleration clause
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