Progressive Tax

What Does Progressive Tax Mean?
A tax that takes a larger percentage from the income of high-income people than it does from low-income people.

Investopedia explains Progressive Tax
Most income taxes are considered progressive.

Related Terms

Dual Rate Income Tax
Equalization Payments
Federal Income Tax
Federal Tax Brackets
Flat Tax
Homestead Exemption
Incremental Tax
Regressive Tax
Tax Bracket
Total Tax
More Related Terms

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