progressive tax

(redirected from Progressive tax system)
Also found in: Thesaurus, Legal, Financial.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.progressive tax - any tax in which the rate increases as the amount subject to taxation increases
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
References in periodicals archive ?
When Charlotte Church said she would be prepared to pay more in taxes, she wasn't talking about an individual act of altruism but her willingness, as a wealthier person, to support a more progressive tax system.
If we want a healthy, vibrant, and equal society it is important to have a progressive tax system.
She said: "We want to have a progressive tax system that produces the kind of funding that we need in this State for education and health and for all of the social services that are provided publicly.
I also support a progressive tax system and a guaranteed livable income.
Government intentions to increase direct tax and decreasing indirect tax are expected to promote progressive tax system in the country.
If the devolution of income tax is supported in a referendum the lockstep mechanism will be the best way to maintain a progressive tax system that redistributes wealth across the whole of the UK but does not unnecessarily benefit one part of the UK at the expense of the other.
To allow a more progressive tax system, Scottish Labour agreed to devolve new tax powers to Scotland's Parliament.
Galal said that the current economic situation in Egypt, involving slow growth and contraction, is not conducive to the imposition of new taxes, but this does not prevent the government from working on suggestions for reforms to the progressive tax system, which could be implemented in the future.
A progressive tax system is now in effect, ranging from 15% of earnings for those making 10,000 pesos ($400) annually, to 50% for those making more than 50,000 pesos ($2,000).
Both the IRS and California assess tax based on tax brackets, which are the divisions at which tax rates change in a progressive tax system.
Austerity measures will only depress demand in a classic Keynesian style; instead a mixed policy will combine monetary easing to encourage investment, and a progressive tax system on wealth will help reduce the fiscal deficit.
ySTANBUL (CyHAN)- A newly proposed tax bill set for debate in Parliament aims to create a more progressive tax system and close tax loopholes, Turkey's Finance Minister Mehmet E[currency]imE-ek said over the weekend.

Full browser ?