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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Progressive taxation means the government should impose taxes based on earnings.
Progressive taxation in the United States emerged in two steps, each of which had its own compensatory argument.
So as it can be seen in Table no.1, now Romania and Bulgaria presents a classical system, while Croatia features a classic and progressive taxation. Even if Romania and Bulgaria reveals a classical system, in terms of level of rates are some differences.
Far better to pay for crucial health and social care services through progressive taxation, as Greens would argue, then we would all benefit from a happier and more secure society.
It recommended that the Canadian tax system should undergo a significant overhaul to ensure a progressive taxation system in which the rich would not be able to shelter income and use exemptions in order to reduce taxes.
Progressive taxation is a corollary to redistributive taxation as contemplated by the Libertarian Challenge.
"Over the past two years of low crude prices, Russian production continued growing to new records aided by ruble devaluation, which reduced dollar-denominated costs, the progressive taxation system, and fiscal incentives available to select new fields.
"What I need to see (is) a commitment that there will be progressive taxation," Sanders said, referring to his push for corporations and billionaires to pay higher tax rates.
During his meeting with Clinton on Tuesday, Sanders said he will want to determine "whether or not she will stand up forcefully for working families and be prepared to take on Wall Street and the big-money influences." He said he also will discuss whether Clinton will back progressive taxation, the crises of the inner cities, childhood poverty and "a massive federal jobs program to put millions of people back to work, rebuilding our crumbling infrastructure." (end) rm.ibi
6 screed against progressive taxation was extremely disingenuous.
And he set the scene for tax rises on the rich, by saying that when a Labour government needs to raise money it will do so by "fairer, more progressive taxation" which does not impose a burden on middle and low-earners.

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