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progressive tax |
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progressive taxTax such that the higher the income of the taxpayer the greater the proportion or percentage paid in that tax. This contrasts with regressive taxes where the proportion paid falls as income increases, and proportional taxes where the proportion paid remains the same at all levels of income. Examples of progressive taxes in the UK include income tax and capital gains tax. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The plan includes a tax exemption policy that offers graduated tax breaks to developments the further west they are located. 1348 imposed a ceiling on the graduated tax rate applicable to personal service income, defined in IRC secs. Later that year, he called for a graduated tax on income as well. |
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Graduated tax