progressive tax

Noun

Meaning

any tax in which the rate increases as the amount subject to taxation increases

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Examples

A simple progressive tax would also discourage tax avoidance. Source: Internet

Having a progressive tax on capital and eliminating eternal ownership of a company will help level the proverbial economic playing field. Source: Internet

Flat tax critics contend that a flat tax system could be created with many loopholes, or a progressive tax system without loopholes, and that a progressive tax system could be as simple, or simpler, than a flat tax system. Source: Internet

"build a strong majority for basic economic issues, issues of education, economic development, living wages, health care, affordable housing, and support for a progressive tax structure where corporations and wealthy individuals pay their fair share? Source: Internet

It detailed a representative government with enumerated social programs to remedy the numbing poverty of commoners through progressive tax measures. Source: Internet

The idea is to create a stable middle class by a progressive tax reallocation so no one is extremely wealthy or extremely poor and provide a security net in health and education. Source: Internet

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