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 ?
''She said during the debate last night that she was interested in pursuing a graduated income tax, something that the voters have rejected soundly at the ballot box several times over the course of the last 20 or 30 years,'' Baker said Wednesday after a private meeting with mayors and other municipal officials.
A good start would be to reinstitute an honest system of graduated income tax.
In order to get a tiered income tax structure into law, an amendment to the Illinois constitution must be approved to allow for graduated income tax rates.
Advocates of a graduated income tax reason that imposing higher tax rates on those with higher incomes must produce more revenue for the state.
"Illinois needs a fair graduated income tax; it will solve all our problems."
Pritzker, a billionaire heir to the Hyatt Hotel empire, campaigned on the graduated income tax plan and eventually received support from both chambers of the legislature to put it on the Nov.
Legislation included approval of a graduated income tax amendment, legalization of recreational marijuana and expanded gambling.
The savings lower- and middle-income taxpayers would see under a graduated income tax plan that still needs voter approval would be erased by tax and fee hikes on their cars.
To corral 73 votes for a graduated income tax constitutional amendment in a 74-member House Democratic caucus accustomed to extreme coddling and over-protecting its more politically vulnerable members was quite something.
There is a considerable push in Illinois for ending the state's flat income tax and instituting a graduated income tax, with those receiving higher incomes paying a higher proportion of their income in taxes.
Pritzker's tail wind seems to be catching suburban Democratic lawmakers despite possible backlash from Republican voters on questions like a graduated income tax.

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