Meaning of the word "progressive tax" in English
What does "progressive tax" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
progressive tax
US /prəˌɡres.ɪv ˈtæks/
UK /prəˌɡres.ɪv ˈtæks/
Noun
1.
a tax in which the tax rate increases as the taxable amount increases
Example:
•
Many countries implement a progressive tax system to reduce income inequality.
•
The new budget proposal includes a higher progressive tax rate for high earners.
Synonym:
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