progressive tax - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “progressive tax”

progressive tax

noun [C, usually singular]
 
 
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.
→  Compare flat tax , regressive tax
(Definition of progressive tax from the Cambridge Business English Dictionary © Cambridge University Press)
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