progressive tax

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Definitions from WordNet

Noun progressive tax has 1 sense

progressive tax - any tax in which the rate increases as the amount subject to taxation increases
--₁ is a kind of tax, taxation, revenue enhancement

Definitions from the Web

Progressive Tax

A progressive tax is a type of tax system in which the tax rate increases as the taxable amount increases. This means that individuals with higher incomes are taxed at a higher rate than those with lower incomes.

Examples of Progressive Tax:

The United States has a progressive tax structure, with tax brackets that impose higher tax rates on higher income earners.
Under a progressive tax system, someone with an annual income of $100,000 might pay a higher tax rate compared to someone with an annual income of $50,000.

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