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 ?
But this solution rested on the relative empowerment of labor and the construction of the "social state" (Piketty's term) funded by progressive taxation.
In the given situation, a system of compound progressive taxation having for example 1,500 RON as upper limit of the first income instalment and a tax rate of 14%, the second instalment ranging between 1,501 RON and 3,000 RON and a rate of 16%, and the third instalment being the incomes that exceed 3,001 RON taxed by 30%, would positively affect 83.
The two motions to scrap the flat tax rate and replace it by a non-taxable monthly income of BGN 340 or BGN 400 and progressive taxation in four or six income brackets above the minimum were submitted by opposition Socialists and nationalist Ataka party respectively.
Let me make the point that these are complementary institutions, because progressive taxation of wealth will always be necessary even if we manage to develop these other alternative forms of property.
The principles underlying progressive taxation have been with us at least since Aristotle's time.
This perception led to state intervention in the form of progressive taxation, democratization of credit, and strict regulations on business, all of which led to a form of "mortgage Keynesianism" and undermined support for the establishment of a European-style welfare state.
As the economy recovers, the normal increase in revenue could pay for part of the cost, supplemented by increased progressive taxation.
Health Ministers should advocate for social systems that provide income protection, adequate benefits and progressive taxation to reduce poverty among children and pensioners.
In fact, as the founder of free-market economic philosophy, propounded in his landmark 1776 book, An Inquiry into the Nature and Causes of the Wealth of Nations, Smith promoted progressive taxation of the rich more forcefully than our current president.
Nevertheless, this and other recent initiatives seem to tackle the most pressing problems in society, especially taking into account that there is a proposed initiative to introduce a progressive taxation system.
Such inversions of the principle of progressive taxation - to whom much is given, much is asked - are manifestly unfair, and people recognize unfairness when they see it.
EPSU argues for tax justice based on progressive taxation systems.

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