progressive tax


progressive tax
n. A tax that increases in rate as the amount of money being taxed increases; for example, $20,000 is taxed at
5 percent, $20,001 to $45,000 is taxed at 10 percent, and so on.

Webster's New World Law Dictionary. . 2000.


progressive tax
A type of graduated tax that applies higher tax rates as the income of the taxpayer increases.

Dictionary from West's Encyclopedia of American Law. 2005.


progressive tax
A type of graduated tax that applies higher tax rates as the income of the taxpayer increases.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • progressive tax — ➔ tax1 * * * progressive tax UK US noun [C, usually singular] TAX ► a tax in which the rate of tax is higher on larger amounts of money: »In a progressive tax system, rich people pay a higher percentage of their income as taxes than do poor… …   Financial and business terms

  • Progressive tax — A progressive tax is a tax imposed so that the tax rate increases as the amount subject to taxation increases. [ [http://www.merriam webster.com/dictionary/Progressive Webster] (4b): increasing in rate as the base increases (a progressive tax)] [ …   Wikipedia

  • Progressive Tax — A tax that takes a larger percentage from the income of high income earners than it does from low income individuals. The United States income tax is considered progressive: in 2010, individuals who earned up to $8,375 fell into the 10% tax… …   Investment dictionary

  • progressive tax — noun any tax in which the rate increases as the amount subject to taxation increases • Syn: ↑graduated tax • Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement * * * progressive tax UK US noun [singular] …   Useful english dictionary

  • progressive tax — Tax levied at a rate that increases as the quantity subject to taxation increases. Designed to collect a greater proportion of tax revenue from wealthy people, progressive taxes reflect the view that those who are able to pay more should carry a… …   Universalium

  • progressive tax — A tax in which the rate of tax increases with increases in the tax base In the UK, the most obvious such tax is income tax but progressive rates are also applied to National Insurance contributions, inheritance tax, and to a limited extent… …   Big dictionary of business and management

  • progressive tax — A tax in which the rate of tax increases with increases in the tax base. In the UK, the most obvious such tax is income tax but progressive rates are also applied to National Insurance contributions, inheritance tax, and to a limited extent… …   Accounting dictionary

  • progressive tax — A tax is said to be progressive if the percentage of an individual s income which is paid in tax increases as their income increases, so that the rich pay relatively more than the poor …   Dictionary of sociology

  • progressive tax — Strictly, a tax which, as in the case of the federal income tax, applies higher rates progressively as the taxable amount increases. State ex rel. Foot v Bazille, 97 Minn 11, 106 NW 93. An excise or license tax on retail merchants computed on… …   Ballentine's law dictionary

  • progressive tax — pro.gressive tax n [singular] a tax that takes more money from people with higher incomes than from people with lower incomes ≠ ↑regressive tax …   Dictionary of contemporary English


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