Progressive Tax

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Related to Progressive income tax: Graduated income tax

Progressive Tax

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

References in periodicals archive ?
The most compelling argument against the use of the progressive income tax to redistribute income is simply that it is inequitable.
To make an informed judgment about whether or not the progressive income tax has been more or less a force for economic justice during various historical periods, it is important to have some notion of what levels of marginal and average tax rates have applied in the past.
The net effect, taking taxes and interest into account, of moving from the progressive income tax to the lifetime income tax, is that the typical family ends up with an additional 54,695 of terminal net worth (the excess of 94,001 under the lifetime income tax (Table 8) over 39,306 under the progressive income tax (see Table 6)).
They replace progressive income tax with a flat consumption tax (for example, a value-added tax, or a national retail sales tax).
He calls for a reassertion of the federal role as one of rule-maker and enforcer of standards in social programs, and for an increased reliance on progressive income tax to finance social programs.
Weisman traces the evolution of the progressive income tax, the cornerstone of today's US tax system, from the years 1860 to 1920--an extraordinary period of history in which the United States overcame internal divisions and financial crises, matured as a nation, consolidated power in a strong central government, emerged as the world's foremost economic power, and reluctantly became enmeshed in a global conflict.
The present support for voluntary and commercial provision of housing and welfare, the rejection of progressive income tax, greater demands on working people with reduced rewards, private health care, greater emphasis on individual rather than collective responsibility, paying for education - these are all failed ideas from the past resurrected under the banner of modernisation.
Norquist was quoted as saying that even if Japan lowers some upper rates in the progressive income tax system, the government's overall tax revenues would increase as those cuts would help stimulate the economy.
If this is the case, then Ian Duncan Smith, the opposition leader, could improve his party's standing by adopting Labour's original socialist programme - such public ownership of the basic industries, decent pensions and a progressive income tax to hit the growing number of multi-millionaires in today's Britain.
87) A progressive income tax was the way to break up undemocratic concentrations of economic power.
According to Tannenwald, higher-income taxpayers would foot more of the bill under a progressive income tax, while a flat income tax or comprehensive sales tax covering a wide range of goods and services would hit low-income residents particularly hard.
He dubbed it the New Nationalism, and it called for many things that became reality later on, including strong regulation of business, an end to child labor, a progressive income tax (one in which the rich pay a higher percentage), more presidential primaries, the direct election of U.

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