Define progressive tax

See also proportional tax and regressive tax. Progressive Tax: Definition, Examples, Pros, Cons progressive tax - any tax in which the rate increases as the amount subject to taxation increases. Progressive Tax Definition - m Jun 2 20A progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayeraposs ability to pay.

Progressive tax, tax that imposes a larger burden (relative to resources) on those who are richer. Progressive tax financial definition of progressive tax progressive tax. A tax with a rate that increases as the amount to be taxed increases. For example, a tax on luxury cars. Definition of progressive tax: Income tax that takes a larger percentage of a larger income and a smaller percentage of a smaller income.

For example, a taxing authority might levy a tax of on the first 10of income and increase the rate by per each 10increment up to a maximum of on all income over 8000.

Revenue enhancement, tax, taxation - charge against a citizenaposs person or property or activity for the support of government. That means it takes a larger percentage from high-income earners than it does from low-income individuals. Its opposite, a regressive tax, imposes a lesser burden on the wealthy.

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What is a progressive tax? definition and meaning

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Progressive Tax Definition - m

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