progressive tax

progressive tax

A tax structured so that the effective tax rate increases more than proportionately as the tax base increases, or so that an exemption remains flat or diminishes.

? With this type of tax, the percentage of income paid in taxes increases as the taxpayer’s income increases. Most income taxes are progressive, so that higher incomes are taxed at a higher rate. But a tax can be progressive without using graduated rates.

¡ª Also termed graduated tax. Cf. regressive tax; flat tax. [Cases: Internal Revenue 3545¨C3552; Taxation 1061¨C1065. C.J.S. Internal Revenue ¡ì¡ì 331¨C333, 335, 358¨C361, 797; Taxation ¡ì 1698.]


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