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6 Income tax and social protection, (De Henau and Callaghan,2018.p, …
6 Income tax and social protection
definitions
Stages of earnings and income
taxes and benefits importance
6.1 Personal income tax
income tax systems are characteristics
Taxable income
Deductions
Unit of assessment
How the tax is levied.
Pay As You Earn (PAYE)
Tax schedule
average tax rate
taxation progressive
'exemption' personal allowance (PA)
6.2 Social security benefits
systems
Contributory benefits
Means-tested benefits
universal systems
types
the income
lost
the curve
falte rate
related income benefit
benefits effects
too high
bad
too low
bad
balanced
good
(De Henau and Callaghan,2018.p, )
