A tax cap places an
upper bound
In mathematics, particularly in order theory, an upper bound or majorant of a subset of some preordered set is an element of that is greater than or equal to every element of .
Dually, a lower bound or minorant of is defined to be an eleme ...
on the amount of
government tax
A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on ...
a person might be required to pay. In this case the tax is said to be capped.
Tax terms
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