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Progressive Tax
(redirected from Progressive income tax)

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.

A type of graduated tax that applies higher tax rates as the income of the taxpayer increases.



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On another front, the ruling coalition partners, rejecting a call from the IMF group for a progressive income tax to replace the current 23 percent flat tax, have agreed to raise the personal income tax to a 25 percent flat rate.
Now the question is whether having a progressive income tax, which is something Democrats generally believe in, is the best way to create wealth for the poor or if the best way to go about creating wealth is to cut taxes upon the richest citizens so the rich can provide jobs to the impoverished.
is penalized for things like allowing Health Savings accounts, not having a government-run health care system, and having an insufficiently progressive income tax system (i.
 
 
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