In 2007, the Social Security Trustees suggested that either the payroll tax could increase to 16.41 percent in 2041 and steadily increased to 17.60 percent in 2081 or a cut in benefits by 25 percent in 2041 and steadily increased to an overall cut of 30 percent in 2081.
effective rate of protection. the real amount of PROTECTION accorded to domestic suppliers of a final product when a TARIFF is applied to a competing imported final product (see IMPORTS), but either no tariff, or a lower rate of tariff, is applied on FACTOR INPUTS that are imported to produce that product.
This calculator will help you to work out how much VAT you'll need to pay on top of a builder's quote or on other purchases...Different rates of VAT apply to different goods and services.There are currently three rates-the standard 20% (increased from 17.5% on 4 January 2011), a reduced rate charged at 5% and zero rate. VAT could be theoretically applied to the goods in the latter category, but the Government chooses not to do so at present.here are currently three rates-the standard 20% (increased from 17.5% on 4 January 2011), a reduced rate charged at 5% and zero rate.