progressive tax

  

Definition

Income tax that takes a larger percentage of a larger income and a smaller percentage of a smaller income. For example, a tax on luxury cars. See also proportional tax and regressive tax.

Use progressive tax in a sentence

  • If you start to make to much money in your business then you may get hit with a higher progressive tax then you were getting before.

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  • During the meeting, the government officials would discuss the importance of a progressive tax and if they would institute it, or not.

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  • Some people think the best way to make people pay to live in a country use the infrastructure is the most fair option of a progressive tax.

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