progressive tax

Cultural Dictionary

progressive tax definition


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

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Progressive tax is always a great word to know.
So is callithumpian. Does it mean:
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
a gadget; dingus; thingumbob.
WordNet
progressive tax

noun
any tax in which the rate increases as the amount subject to taxation increases 
WordNet® 3.0, © 2006 by Princeton University.
Cite This Source
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