What is an example of proportionate tax?

Proportional tax is a tax strategy in which the taxing authority charges the same rate of tax for each taxpayer, regardless of how much money the taxpayer makes. Sales tax, tithe, and some state income tax rates are examples of proportional taxes.

What was clerical taxation?

Clergy were assessed differently with clerical subsidies. Fewer genealogists can claim descent from clergymen because they represented a small percentage of the population and, prior to 1549 when the Church of England lifted this obligation, they were (theoretically) celibate.

What is a rationalized tax system?

Rationalization is a process in which restructure a process to increase the efficiency of the system. In tax rationalization means that restructuring of the tax policy through which the efficiency of the policy can be increased.

What are Fifteenths and tenths?

Tenths and Fifteenths 1334-1623 This was a lay subsidy standardized at one tenth of the value of moveable, personal goods of lay persons for cities, boroughs and royal ancient demesne lands and one fifteenth for rural inhabitants.

Which is a proportional tax?

A proportional tax, also referred to as a flat tax, is a tax in which the percentage of tax taken from a person’s income remains the same, regardless of how much money he or she earns.

What is the purpose of a proportional tax?

A proportional tax system, also referred to as a flat tax system, assesses the same tax rate on everyone regardless of income or wealth. Proportional taxation is intended to create greater equality between marginal tax rates and average tax rates paid.

What is extraordinary revenue?

Extraordinary Revenues means income received by any Property Guarantor in connection with the ownership of its applicable Individual Property which is nonrecurring in nature such as Lease Buyout Payments received by such Property Guarantor. Extraordinary Revenues shall not include Rents from Seasonal Leases.

What was the 1513 subsidy?

The creation of the subsidy of 1513 was the key turning point in strengthening central government Tudor power in the period 1485 to 1548. How far do you agree with this view? The creation of the subsidy of 1513 was the key turning point in strengthening central government Tudor power in the period 1485 to 1548.