progressive tax

(redirected from Graduated income tax)
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Related to Graduated income tax: Progressive taxation, Progressive tax system, Regressive tax, Progressive income tax
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  • noun

Synonyms for progressive tax

any tax in which the rate increases as the amount subject to taxation increases

References in periodicals archive ?
Though the first graduated income tax hit very high earners at only seven percent, by 1921, the effective top rate had been pushed to 73 percent for those earning over $1 million.
But an updated version of the graduated income tax system certainly would apply a rate much higher than 39.
The graduated income tax brackets actually provide a definition of small business.
Graduated income tax rates and income transfer programs create piecewise-linear budget constraints that consist of budget segments and kink points.
Did you know if the Rochelle-Head graduated income tax were passed, and if it were legally challenged, the sales tax would immediately increase by 1.
In regard to individual taxes, a common argument is that the sales tax is regressive and graduated income tax is fairer.
In 1900, the Labour Party called for a graduated Income Tax and useful work for the unemployed.
Shlaes also shows how our graduated income tax system, in which marginal rates rise with income, imposes an often large penalty when two earners get married.
Polls show majority support for basic progressive issues: universal health care, restraint on corporations, a graduated income tax, increased spending on public education, and fundamental campaign finance reform.
would eliminate the current, graduated income tax on families and businesses and replace it with a sir ale rate or net federal tax on individuals in a city and businesses.
In Arizona, exit polls showed a 2-to-1 margin for a flat tax, but in North Dakota the GOP voters favored the existing graduated income tax by 2-to-1.
This ethos leads to Kuenne's proposed Bill of Rights, which has provisions meant to assure that people have a right to whatever they have justly acquired (an idea borrowed from Nozick); that the economy is based on the institution of free markets; that everyone is entitled to some reasonable standard of living; that income transfers should be in cash, not in kind nor in protection from competition; and that the government is to be financed by a graduated income tax.
There was virtually no regulation of the economy, although the Grangers and Populist William Jennings Bryan were arguing for a graduated income tax, labor laws, sound money, control of railroads and communications, and popular election of the Senate.
The Founding Fathers created the clause to ensure no special favor or privilege extended to anyone at the expense of another, but the current cornerstone of our tax system is the graduated income tax rate, which taxes some citizens at a higher rate than others.
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