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Tag: tax calculator

How Taxation Needs to be Specific for You

How Taxation Needs to be Specific for You

This “degressivity” of VAT as a function of income is mainly due to the fact that the savings rate increases with income. Consequently, the higher is the income, the lower is the share of consumption, and therefore VAT, in income. However, the income and savings rate of a given household are not constant over time. […]

October 26, 2020October 26, 2020
by Mark Shaun

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