"Progressive tax system" Definition
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 Glossary   >   P   >   "Progressive tax system" Definition   

        Progressive tax system

A tax system wherein the average tax rate increases for some increases in income but never decreases with an increase in income.

Progressive tax system


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Progressive tax system - A tax system wherein the average tax rate increases for some increases in income but never decreases with an increase in income.


Progressive tax system : a tax system wherein the average tax rate increases for some increases in income but never decreases with an increase in income.