Progressive tax

Progressive tax system
A tax system wherein the average tax rate increases for some increases in income but never decreases with an increase in income. ...

Progressive tax
A tax that tends to take a smaller percentage of the incomes of lower income citizens compared to the percentage it takes of the incomes of wealthier citizens.

progressive tax
levy that requires a higher percentage payment on higher income. The personal income tax structure in the United States with its multiple brackets has been traditionally an example of a progressive tax.
See also tax rate schedule ...

progressive tax

A taxation system that imposes higher rates of tax for those on higher incomes.

Progressive tax
Definition: A progressive tax is a tax that takes an increasing proportion of income as income rises. Income tax is an example of a progressive tax, as the rate increases as a person earns more.
Related glossary term: ...

Progressive Tax
A tax in which the rich pay a larger percentage of income than the poor. Contrast with regressive tax.
After-tax profit margin ...

PROGRESSIVE TAX " A tax that takes a larger fraction of the income of high-income people. The best example is the graduated income tax.

Progressive taxation
TAXATION that takes a larger proportion of a taxpayer's INCOME the higher the income is. (See VERTICAL EQUITY.)
Propensity ...

Progressive tax
In a progressive, or graduated, income tax system, taxpayers with higher incomes are taxed at higher rates that those with lower incomes.

Progressive taxation A tax system in which, as income increases, a higher percentage of the additional income is taxed. The marginal tax rate exceeds the average tax rate as income rises.

progressive tax a tax for which the amount of an individual's taxes rises as a proportion of income as the person's income increases. (14, 29)
property rights rights over the use, sale, and proceeds from a good or resource. (2) ...

Progressive taxation
Characterizes a convex tax schedule that results in a higher effective tax rate on higher income levels. Increases for some increases in income, but never decreases with an increase in income.

progressive tax: A tax system that charges a higher rate to those who are able to pay more. Federal income tax is an example of a progressive tax.

Progressive Taxation - A convex tax schedule that results in a higher effective tax rate on high income levels than on low-income levels.

Progressive tax: A tax that rises in rate as the taxpayer's income increases; for example, income tax.
Project note: A short-term municipal note used to finance low income housing projects.

PROGRESSIVE TAX: A tax in which people with more income pay a larger percentage in taxes. A progressive tax is given by this example -- You earn $10,000 a year and your boss gets $20,000.

Progressive tax
A progressive tax is a tax system characterized by increasingly higher tax rates on successive increments of taxable income.
Project costs (product costs) ...

See also: Progressive Tax, Tax Schedule, Tax Table
? Mentioned in
Attribution Rules
Bracket Creep ...

1947. Agenda for Progressive Taxation. New York: Ronald Press.
1948. 'Some Objections to Marginal Cost Pricing.' Journal of Political Economy 56: 218-238.

GRADUATED TAX - see PROGRESSIVE TAX.
GRADUATED-EQUITY MORTGAGE (GEM) - a loan for which payments increase according to a prearranged schedul...
GRADUATED-PAYMENT MORTGAGE - a mortgage loan which provides for initial lower monthly payments, with pa...

Why is income tax a progressive tax?
What type of tax is income tax?
What type of tax is an income tax?
Is income tax an indirect tax?
» More ...

Progressive tax system A tax system that taxes the wealthy at a higher percentage rate than the less wealthy. Progressive taxation Characterizes a convex tax schedule that results in a higher effective tax rate on higher income levels.

Progressive tax system A tax system providing that the average tax rate Progressive taxation Characterizes a convex tax schedule that results in a higher effective tax rate on higher income levels.

It is often discussed as an alternative to the progressive tax.
FLOORS The lower limits on tax benefits and detriments, e.g. in medical expense.

Taxation in the form of a progressive tax. The ability-to-pay principle in taxation maintains that taxes should be levied according a taxpayer's ability to pay.

In comparison, the interest in the near future, derived from ordinary income are taxed on the basis of the progressive tax rate (from 10% to 30%).

Income tax is commonly a progressive tax because the tax rate increases with increasing income. Some critics characterize this tax as a form of punishment for economic productivity.

Marginal Tax Rate The rate of tax applicable on additional income. In a progressive tax regime, the marginal tax rate rises as income increase.

A periodic review of a capital investment project to evaluate its continued economic viability.
Progressive tax system
A tax system that taxes the wealthy at a higher percentage rate than the less wealthy.
Progressive taxation ...

A dependency culture may arise out of a desire to reduce relative poverty, through means tested benefits and a progressive tax system. For example, if a person is out of work with several children, they may be entitled to:
Unemployment benefit ...

In the United States, and generally across the world, income tax is a fee (tax) applied to individual person's annual income, and that of corporations and other legal entities. It is basically a progressive tax on all income, ...

A tax which is levied at the same rate on all levels of income. Antithesis of progressive tax.
Flat trades ...

Flat tax
A tax which is levied at the same rate on all levels of income. Antithesis of progressive tax.

1913, rose to 77% during World War I, was lowered to 25% afterwards, then raised again during the Great Depression and World War II, at which point the top income tax rate reached a high of 91%. Income tax in the US is considered a progressive tax, ...

Antithesis of progressive tax. Flat trades A bond in default trades flat; that is, the price quoted covers both principal and unpaid accrued interest.

progressive tax A tax system in which those who earn higher incomes pay a higher percentage... project A set of related tasks which have a specific goal.

See also: Banks, Expense, Expected return, Diversified portfolio, Systematic risk