marginal rate of taxation

the rate of TAXATION an individual would pay on an incremental unit of INCOME. For example, in a PROGRESSIVE TAXATION structure, if an individual paid tax at 30% up to a limit of £15,000, at which point the rate changed to 40%, the marginal rate of taxation on an income of £15,001 is 40%. The incremental rate of taxation on the last pound earned is 40%. See STANDARD RATE OF TAXATION, AVERAGE RATE OF TAXATION, PROPENSITY TO TAX, PROPORTIONAL TAXATION, REGRESSIVE TAXATION.

单词	marginal rate of taxation
释义	marginal rate of taxation marginal rate of taxation the rate of TAXATION an individual would pay on an incremental unit of INCOME. For example, in a PROGRESSIVE TAXATION structure, if an individual paid tax at 30% up to a limit of £15,000, at which point the rate changed to 40%, the marginal rate of taxation on an income of £15,001 is 40%. The incremental rate of taxation on the last pound earned is 40%. See STANDARD RATE OF TAXATION, AVERAGE RATE OF TAXATION, PROPENSITY TO TAX, PROPORTIONAL TAXATION, REGRESSIVE TAXATION.
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