progressive tax


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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 ?
5%, while maintaining the progressive tax for tranches.
DEVOLUTION of income tax powers would give Wales the chance to introduce more progressive tax policies with the "better-off" paying a bigger share than today, according to left-wing Labour leadership candidate Jeremy Corbyn.
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.
A fundamental problem with the Lib-Con policy is that it reduces the take of a progressive tax by a massive PS12bn, which has to be made up elsewhere either through a cut in benefits say or by increasing other taxes such as VAT which is a regressive tax.
The declaration further opposed any ''austerity policies'' at the expense of regular people, as well as the ''unjust flat tax rate'' as opposed to '' a more justified progressive tax system''.
Therefore Piketty calls for the restoration of a more progressive income tax, and more importantly the introduction of an annual progressive tax on capital.
But in anticipation of the tax hike partially sunsetting, politicians sought to increase state income taxes again in 2014 -- this time by proposing a progressive tax.
A decade ago, a report by Sir Peter Burt argued the current system should be replaced with a progressive tax based on a percentage of property values.
A reduction in the amount of stamp duty on properties between the value of PS125,000 and PS250,000, with the removal of value thresholds for higher rate properties in favour of a more progressive tax.
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.
The Speaker added that the law should be in line with the Jordanian constitution, which emphasizes a progressive tax on profits.
The commercial, farms and estates market will be subject to a progressive tax rate with, the headline figure of 4.

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