progressive tax

Definition of "progressive tax"
  1. A tax system where high-income individuals pay a larger portion of their income compared to those with lower incomes
How to use "progressive tax" in a sentence
  1. A progressive tax was implemented to ease the financial burden on low-income families.
  2. The wealthy businessman criticized the policy of progressive tax, stating it unfairly targeted high-income earners.
  3. The new government proposed the introduction of a progressive tax system to combat income inequality.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z