progressive tax Meaning in the Cambridge English Dictionary
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Meaning of “progressive tax” in the English Dictionary

"progressive tax" in Business English

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progressive taxnoun [C, usually singular]

uk   us   TAX
a ​tax in which the ​rate of ​tax is ​higher on larger ​amounts of ​money: In a ​progressivetaxsystem, ​richpeoplepay a ​higherpercentage of their ​income as ​taxes than do ​poorpeople.
(Definition of progressive tax from the Cambridge Business English Dictionary © Cambridge University Press)
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