Progressive Tax

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Progressive Tax

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

References in periodicals archive ?
The United States already has one of the most progressive tax systems in the world, he argued.
Under the current progressive tax system, Harry's after-tax income will be $63,275 (after $11,725 in tax, which assumes that, since Harry's labor income is 50 percent of his total family income, the tax attributable to him is 50 percent of the $23,450 tax paid by the family).
It is clear that part of these people's aversion to the idea of a progressive tax system is based on their own personal interests.
Maintenance of a strongly progressive tax system is a necessary means of constraining the growth inequity, for income taxes are the only mechanism available which increases the contribution to public revenue as income rises.
By abolishing the lower rate, while increasing tax credits which are focused on low-earners, Mr Brown is arguably creating a more progressive tax system.
This efficiency loss, in large part, stems from reduced intragenerational risk sharing that was provided by the progressive tax system.
To recommend a more progressive tax system with a greater number of income tax bands and to raise the higher rate to 50 per cent for earnings over pounds 50,000.
They advocate the benefits of a two-tier health care system and demonstrate the blessings of fewer government services, and a less progressive tax system.
This is because our progressive tax system is based on individual rather than family incomes.
While a sales tax plus an individual tax credit could be made into a progressive tax system, it is not clear whether such a system could be made as progressive as the current individual income tax.
Most Americans, regardless of age, favor a progressive tax system.

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