What is another word for progressive tax?

Pronunciation: [pɹəɡɹˈɛsɪv tˈaks] (IPA)

A progressive tax is a taxation system where the tax rate increases as the taxable amount increases. This taxation system is designed in a way that those who earn more pay more taxes compared to those that earn less. This taxation system is often viewed as a fair way of redistributing income in the society. Some synonyms for the term 'progressive tax' include graduated tax, incremental tax, and sliding tax. The term 'graduated tax' refers to a taxation system where the tax rate increases in proportion to the taxable amount. The term 'incremental tax' means that the amount of tax increases with every increment of income. Lastly, 'sliding tax' refers to a taxation system where the tax rate increases or decreases based on the taxpayer's income.

What are the hypernyms for Progressive tax?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Progressive tax

  • I support transitioning from the progressive tax to a flat tax system - both individual and corporate/business.
    Allen West
  • A heavy progressive tax upon a very large fortune is in no way such a tax upon thrift or industry as a like would be on a small fortune.We have not the slightest sympathy with that socialistic idea which would try to put laziness, thriftlessness and inefficiency on a par with industry, thrift and efficiency; which would strive to break up not merely private property, but what is far more important, the home, the chief prop upon which our whole civilization stands. Such a theory, if ever adopted, would mean the ruin of the entire country — a ruin which would bear heaviest upon the weakest, upon those least able to shift for themselves.
    Theodore Roosevelt

Related words: progressive tax system, progressive taxation, progressive tax rates, progressive taxation wiki, how does progressive taxation work, tax brackets

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