progressive tax

1. A tax that takes a higher proportion of large incomes than of small ones. (Compare regressive tax.)

Example Sentences

The U.S. has a progressive tax system, meaning most people are taxed in multiple tax brackets, at rates that increase as their taxable pay rises past thresholds.

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"We need a progressive tax system – a tax on online gaming companies and gambling companies, a tax on windfall profits which the banks and financial institutions have seen over the last couple of years."

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The financial markets that California’s progressive tax structure is dependent on shot up in response before bouncing up and down the rest of the week.

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In 2017, while a senator, Ms Harris supported a number of progressive tax programmes, co-sponsoring a bill with Bernie Sanders to expand social security for the elderly by increasing the tax rate on investments.

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“How we do that is a more difficult and challenging conversation. And the volatility is foundational in terms of the tax system we have — the progressive tax system.”

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