Phrases with «normal income tax»

The term "Normal Income Tax" refers to a type of progressive tax system where individuals are required to pay a percentage of their total annual income as tax. Full definition

Related phrases

Sentences with «normal income tax»

  • For those in the low / middle classes the vast percentage of our «income» is not in the form of dividends so we are paying taxes at normal income tax rates. (allfinancialmatters.com)
  • If they are younger than this age, they will pay a 10 % penalty tax on the amount withdrawn in addition to owing normal income tax on the amount. (thecollegeinvestor.com)
  • However, bitcoin - related businesses will be subject to normal income tax rules on gains booked in the normal course of business. (coindesk.com)
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