NOUN
- any tax in which the rate increases as the amount subject to taxation increases
How To Use progressive tax In A Sentence
- The first part introduces the selection between the proportional tax rate and the progressive tax rate.
- Redressing economic inequality through more progressive taxation of the rich is out.
- To explain why, let us start with the premise that the defenders of any progressive tax have to give some principled account of the optimal degree of tax progressivity.
- They have to identify which of the infinite number of progressive tax schedules they embrace, and then explain why it is best.
- Usually the term flat tax refers to household income (and sometimes corporate profits) being taxed at one marginal rate, in contrast with progressive taxes that vary according to parameters such as income or usage levels. Propeller Most Popular Stories
- Real wages increased by 44 percent and there were other gains in the form of food subsidies, shorter working hours and social insurance, financed by steep progressive taxation.
- A progressive tax is far harder to administer than any flat tax.
- A meaningful minimum wage, reinforced by progressive taxation on high earners, could be a start.
- State lawmakers' enthusiasm for cutting progressive taxes caught up with them in 2002.
- Income tax rates will not be increased and the progressive taxation system will be preserved.
