Tip - Progressive Tax Definition | Investopedia

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Progressive Tax Definition | Investopedia

A tax that takes a larger percentage from the income of high-income earners than it does from low-income individuals. The United States income tax is considered progressive: in 2010, individuals who earned up to $8,375 fell into the 10% tax bracket, while individuals earning $373,650 or more fell into the 35% tax bracket.
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Posted: 9 years, 3 month(s) ago

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