Progressive Tax
/ˈprəʊɡresɪv tæks/
Definitions
- (n.) A tax system in which the tax rate increases as the taxable amount increases, imposing a higher percentage on higher incomes.
The government implemented a progressive tax to reduce income inequality.
Related terms
See also
Commentary
Progressive taxes are commonly used to achieve redistributive aims; drafting must clearly define tax brackets and rates to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.