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Progressive Tax
(redirected from Progressive tax system)

   Also found in: Dictionary/thesaurus, Financial, 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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Villagran told CAR, "The ultimate problem is that the oligarchy has never paid taxes and this government is seeking a more progressive tax system, but the oligarchy will never accept that.
However, their proliferation has, I conjecture, also aimed at lowering net taxes for certain categories of low-income people (but with marked variation in what is considered low), while avoiding the problem that in progressive tax systems a reduction in tax rates at the lower levels of income always delivers greater absolute, although not greater relative, benefits to higher incomes.
A progressive tax system means that those with higher incomes pay a higher proportion of their income in taxes.
 
 
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