- progressive taxation
- /prəˌgresɪv tæk'seɪʃ(ə)n/ nouna taxation system where tax levels increase as the income is higher.Also called graduated taxation.Compare regressive taxation
Dictionary of banking and finance. 2015.
progressive taxation
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progressive taxation — method of taxation in which the poor pay less and the rich pay more … English contemporary dictionary
progressive taxation — /prəgrɛsɪv tækˈseɪʃən/ (say pruhgresiv tak sayshuhn) noun a form of taxation in which the rate increases with certain increases in the taxable income …
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