the willful giving of false testimony under oath or affirmation, before a competent tribunal, upon a point material to a legal inquiry. nonperjury, noun, plural nonperjuries. For example, Martha Stewart was pilloried at the time of her 2004 perjury trial for carrying a Birkin Bag to court with her.
What is the 'Effective Tax Rate'. The effective tax rate is the average rate at which an individual or corporation is taxed. The effective tax rate for individuals is the average rate at which their earned income is taxed, and the effective tax rate for a corporation is the average rate at which its pre-tax profits are taxed.
Progressive and Regressive Taxes. A progressive tax is defined as a tax whose rate increases as the payer's income increases. That is, individuals who earn high incomes have a greater proportion of their incomes taken to pay the tax. A regressive tax, on the other hand, is one whose rate increases as the payer's income decreases. I'm beginning to suspect these terms were invented merely to make the U.S.' income tax appear more attractive. Income tax is the only tax in the U.S. whose rate is tied directly to income.