Progressive Tax

(redirected from Progressive tax system)
Also found in: Dictionary, Thesaurus, Financial.

Progressive Tax

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

References in periodicals archive ?
A study conducted by the PEW Charitable Trusts using the relationship between parent's and children's incomes as an indicator for relative mobility showed that Denmark had three times more relative mobility than the United States, (11) because of (and not despite) Denmark's progressive tax system.
I also support a progressive tax system and a guaranteed livable income.
Government intentions to increase direct tax and decreasing indirect tax are expected to promote progressive tax system in the country.
Galal said that the current economic situation in Egypt, involving slow growth and contraction, is not conducive to the imposition of new taxes, but this does not prevent the government from working on suggestions for reforms to the progressive tax system, which could be implemented in the future.
A progressive tax system is now in effect, ranging from 15% of earnings for those making 10,000 pesos ($400) annually, to 50% for those making more than 50,000 pesos ($2,000).
Both the IRS and California assess tax based on tax brackets, which are the divisions at which tax rates change in a progressive tax system.
Austerity measures will only depress demand in a classic Keynesian style; instead a mixed policy will combine monetary easing to encourage investment, and a progressive tax system on wealth will help reduce the fiscal deficit.
ySTANBUL (CyHAN)- A newly proposed tax bill set for debate in Parliament aims to create a more progressive tax system and close tax loopholes, Turkey's Finance Minister Mehmet E[currency]imE-ek said over the weekend.
According to the report, Hubbard opposed raising tax rates for the rich, but added, "We need a progressive tax system.
Ramseyer argues no because unequal taxation, which would be used at least partly to fund nuclear power, leads to most voters receiving the benefits while a small minority of taxpayers pay the bills through the progressive tax system.
In this view, inequality is a social injustice that can be remedied or mitigated by a progressive tax system.
If we are to get a more progressive tax system I would like to see it smoothed out.

Full browser ?