progressive tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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 progressive tax system, rich people pay a higher percentage of their income as taxes than do poor people.
(Definition of progressive tax from the Cambridge Business English Dictionary © Cambridge University Press)
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