Akademik

progressive tax
progressive tax progressive tax tax1

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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 people.

Compare FLAT TAX(Cf. ↑flat tax), REGRESSIVE TAX(Cf. ↑regressive tax)

Financial and business terms. 2012.