VariableRateTax: The Variable Rate Tax class

Description Usage Arguments Format Fields Examples

Description

A variable rate tax class captures the general idea of tax taken at different rates for different levels of income. UK National insurance is a variable rate tax for both employees and employers however because of the withdrawal of the personal allowance after 100000 UK income tax is not though it could be modeled as a variable rate tax.

Usage

1

Arguments

income

The initial income of the person.

Format

An object of class R6ClassGenerator of length 24.

Fields

threshold

The vector of tax thresholds, must be in ascending order.

rate

The vector of tax rates, must be same size as thresholds.

Examples

1
2
3
4
5
Income Tax
The Amount method

This method determines the amount to be paid for the given income
given the thresholds and the rates.

ianksalter/uktax documentation built on March 19, 2020, 5:45 a.m.