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progressive tax |
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progressive taxTax which takes a greater proportion or percentage the higher the income of the taxpayer. This contrasts with regressive tax, where the proportion paid falls as income increases, and proportional tax, 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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