But as it stands, the United States already has one of the very most progressive tax systems in the world.
During the palmiest days of Greece—the days of Solon and Lycurgus—a progressive tax was a stern reality.
Then there are the death duties, a progressive tax on property passing at death, which yield one tenth of the revenue.
By a progressive tax is meant one whose rate advances in some definite proportion to the increases in the amount taxed.
All incomes unearned by productive work of hand or brain were subjected to a progressive tax, which reached fifty per cent.
The precise method of taxation available here is a progressive tax on incomes and inheritances.
Small fortunes would be exempted and those above 20,000 marks would be subject to a progressive tax.
But the idea of a progressive tax was ingrafted into the law.