单词 | standard rate of taxation |
释义 | standard rate of taxationstandard rate of taxationthe basic rate of INCOME TAX, for example, 25 pence per £1 of taxable income. In a PROGRESSIVE-TAXATION system the standard rate of taxation applies only to the initial taxable income band, those with taxable income in excess of the initial band paying a higher MARGINAL RATE OF TAXATION on this additional income. |
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