progressive tax
noun[C,usually singular]
TAXukusataxin which therateoftaxishigheronlargeramountsofmoney:
In aprogressivetaxsystem,richpeoplepayahigherpercentageoftheirincomeastaxesthan dopoorpeople.
Compare
flat tax
regressive tax
Examplesofprogressive tax
progressive tax
A potentially adverse effect ofprogressivetaxschedules is that they may reduce the incentives for educational attainment.
From
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This example is from Wikipedia and may be reused under a CC BY-SA license.Specifically, aprogressivetaxis a tax by which the tax rate increases as the taxable base amount increases.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Such taxation usually includes a larger income tax for people with higher incomes, called aprogressivetax.
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This example is from Wikipedia and may be reused under a CC BY-SA license.It was aprogressivetaxthat took up to 75 percent of the highest incomes.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Further, the measure provided aprogressivetaxstructure, meaning that high income earners were required to pay at higher rates.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Progressivetaxrates are an example of this.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Manyprogressivetaxsystems are not adjusted for inflation.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Progressives also proposed the first state income taxes, as well as submitting the idea of aprogressivetax.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Additionally, a land value tax is also aprogressivetax, in that it would be paid primarily by the wealthy, and would reduce economic inequality.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Harsh criticism ofprogressivetaxis the sign of envy.
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This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.