Tax cap
Jump to navigation
Jump to search
You can help expand this article with text translated from [[:de:Lua error in Module:WikidataIB at line 482: attempt to index field 'wikibase' (a nil value).|the corresponding article]] in Deutsch. (March 2021) Click [show] for important translation instructions.
|
A tax cap places an upper bound on the amount of government tax a person might be required to pay. In this case the tax is said to be capped.
An example of this is the American Social Security Tax, which does not apply to wages over an annual limit.[1]
References
[edit | edit source]- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
