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 ?
It would also provide the opportunity to introduce a more progressive tax structure, with higher rates applying to the better-off than at present.
A similar comment can be made regarding Piketty's suggestion of a global progressive tax on wealth, and democratic control of capitalism.
Slightly progressive tax (and transfer) system(s) are designed to benefit one party (primarily, the top one percent) at the expense of another (the bottom 99 percent).
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.
To forge a more progressive tax system, we intend to devolve new tax powers to the Scottish Parliament.
11 February 2014 -- Wisconsin US-based financial services technology solutions firm Fiserv Inc (NASDAQ: FISV) said that its AdvisorVision financial planning application has been enhanced with cash-flow based financial planning and progressive tax analysis.
For instance, we both want a more progressive tax system, even if we don't necessarily agree on the specifics.
The rate is fair at the given price due to the fact that the Government applies the principle of the progressive tax and shares the risks of the mining company, according to the press service of the Economy Ministry.
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.
In 1848, Karl Marx declared in his Communist Manifesto that a progressive tax on personal income was one of the 10 essential measures to ensure a communist revolution in an advanced country in order to bring about his fabled classless society.
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.

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