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Progressive Tax

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson 0.07 sec.

A type of graduated tax that applies higher tax rates as the income of the taxpayer increases.
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? References in periodicals archive
A progressive tax should be raised on income, earnings, and dividends only at a certain point.
Our sinful economy by Karas, Steve / The Progressive
Under a progressive tax rate system, inflation results in unlegislated tax increases, by pushing people into higher tax brackets without any rise in real earnings and also erodes the government debt at the expense of the bond holders.
Myths about inflation by Hoar, William P. / The New American
Social save, and now you have little Security is a progressive tax.
Dismantling social security: race becomes a red herring as ... by Hernandez, Daisy / Colorlines Magazine
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