Sentences with phrase «graduated tax system»

Lots of people don't understand that a raise will not put them into a larger bracket and they will take home less money — the graduated tax system confuses them.

I do wonder if perhaps the trouble is that the GOP does not actually WANT to put in place a clear and properly graduated tax system, but simply likes the idea of talking about it.

possibility of building cross party support around replacing tuition fees and student loans with a graduate tax system

Not exact matches

Individual tax rates: Similar to prior proposals by Trump, the new plan replaces the graduated seven - rate structure with a three - bracket system of 12 %, 25 % and 35 %.

The best friends that capitalism has in this country today are the antitrust laws, the graduated income tax, the inheritance taxes, the social security program, and all the other legislation that has tempered the capitalist system, spread the wealth, provided for adequate public services, and created the great middle class that makes the American economy strong.

This is why claims that our system is basically a graduate tax are wrong.

In addition, Miliband will leave the way open for the whole system of tuition fees to be scrapped later and replaced by a tax on graduates, which supporters see as a fair way of stopping students running up huge debts.

Using differential interest rates rising with earnings as a means of providing for a more progressive system is less fair than a graduate tax, a graduate contribution or general taxation because those from wealthy backgrounds will have smaller debts as their families can afford to pay up front.

Nick Clegg speaking on LBC on Thursday said the fees system is proving to be much fairer than people predicted at the time, adding it would have saved him a lot of heartache if the system had been called a very progressive graduate tax.

«When I was a Treasury adviser I argued for a graduate tax, because it was a fairer system which meant no upfront costs and no assumed debt for students and their families.

Mr Cable was setting out a more «progressive» system of funding that includes proposals for a so - called «graduate tax».

The system would be paid for with federal funds that come to New York, like Medicaid, and a progressively graduated income and payroll tax.

In Canada's graduated income tax system, knowledge of steadily rising tax brackets is essential, both on the wealth accumulation and eventually the income - drawdown phases.

The federal Tax system is graduated, meaning there are different ranges (brackets) with different percentages.

Canada has a graduated income tax system that increases the amount of income tax you pay as your income gets higher.

Pension splitting is based on the fact that Canada's graduated income tax system imposes far higher rates of tax on big earners than on modest or non-existent earners.