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fiscal drag [2 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2003-06-10

English

Subject field(s)
  • Taxation
DEF

The more than proportionate increase in income tax corresponding to an increase in income.

CONT

When income of a taxpayer increases by 10 per cent in two years, income tax may increase by 15 per cent under the progressive income tax system. The difference of 5 per cent is fiscal drag. Fiscal drag may be divided into "inflationary fiscal drag" which corresponds to a change in income due to inflation, and "real fiscal drag" which corresponds to a change in real income.

French

Domaine(s)
  • Fiscalité
DEF

Accroissement de l'impôt sur le revenu plus que proportionnel à la hausse du revenu.

CONT

Lorsque le revenu d'un contribuable augmente de 10 % en deux ans, la progressivité du système d'imposition peut faire augmenter de 15 % son impôt. Cet écart de 5 % représente le «freinage fiscal». Celui-ci peut être ventilé entre le «freinage fiscal lié à l'inflation», qui correspond à une modification imputable à l'inflation, et le «freinage réel» qui correspond à une modification du revenu réel.

Spanish

Campo(s) temático(s)
  • Sistema tributario
DEF

Efecto de freno al crecimiento de la demanda y la producción que resulta de incrementos en las tasas efectivas de impuestos cuando hay inflación.

Save record 1

Record 2 2003-03-25

English

Subject field(s)
  • Taxation
DEF

Reduction in real income due to the increase in income from inflation, resulting in income earners being placed in higher tax brackets.

French

Domaine(s)
  • Fiscalité

Spanish

Campo(s) temático(s)
  • Sistema tributario
Save record 2

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