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LSDefine

Simple English definitions for legal terms

graduated tax

Read a random definition: scrivener's error

A quick definition of graduated tax:

A graduated tax is a type of tax where the amount you pay depends on how much money you make. If you make more money, you pay a higher percentage of your income in taxes. This is different from a flat tax, where everyone pays the same percentage regardless of how much money they make. Taxes are charges that the government collects from people, businesses, and property to pay for things like schools, roads, and public services.

A more thorough explanation:

A graduated tax is a type of tax where the rate of taxation increases as the income or value being taxed increases. This means that people who earn more or have more valuable property will pay a higher percentage of their income or property value in taxes than those who earn less or have less valuable property.

For example, in a country with a graduated income tax, someone who earns $50,000 per year might pay a tax rate of 20%, while someone who earns $100,000 per year might pay a tax rate of 30%. This is because the graduated tax system is designed to be more fair, as it places a greater burden on those who can afford to pay more.

Another example of a graduated tax is an estate tax, which is a tax on the value of a deceased person's estate. In a graduated estate tax system, the tax rate increases as the value of the estate increases. This means that people with larger estates will pay a higher percentage of their estate value in taxes than those with smaller estates.

graduated-payment mortgage | gradus

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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