progressive tax

Related Terms
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 too much money in your business, you may get hit with a higher progressive tax than 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 and use the infrastructure is the most fair option of a progressive tax.
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