What Is a Progressive Tax System?

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What Is a Progressive Tax System? – This is a place for the community to provide tips and advice on What Is a Progressive Tax System?. This topic was created by Hugh Bomford and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

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Progressive Tax Definition | Investopedia More
Published: 9 years, 3 month(s) ago by willox 2112 | permalink
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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.
Tags: progressive tax,accounting,government & politics,income tax,personal tax,tax policy,dictionary,glossary,education,investment,tutorials,investing,invest,investor,stocks,quotes,analysis,beginner,finance,financial,market,news,401k,ira,personal,definitions,terms,mutual funds,ipo,options,nasdaq,trader,trading

For further reading: http://www.investopedia.com/terms/p/progressivetax.asp ^[1]

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Progressive+Tax+System More
Published: 9 years, 3 month(s) ago by patrick bevelander | permalink
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Definition of Progressive+Tax+System in the Financial Dictionary by The Free Dictionary

For further reading: http://financial-dictionary.thefreedictionary.com/Progressive%2BTax%2BSystem ^[2]

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Progressive Tax Definition | Progressive Tax Meaning - The Economic Times More
Published: 9 years, 3 month(s) ago by Christopher Pavelic | permalink
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Progressive Tax Definition: Progressive tax is the taxing mechanism in which the taxing authority charges more taxes as the income of the taxpayer increases.

For further reading: http://economictimes.indiatimes.com/definition/Progressive-Tax ^[3]

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Bill Gates Points To The Best Tax System, The Progressive Consumption Tax More
Published: 9 years, 3 month(s) ago by Liliana Martinez | permalink
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In a meeting at the AEI Bill Gates points to what economists will argue is the best possible tax system, the progressive consumption tax. It's worth pointing out the details of quite why economists think this is such a good tax: I think tax structures will have to move [...]
Tags: Economics,OpEd,Op/Ed,Bill Gates,Earned Income Tax Credit,FairTax,progressive consumption tax

For further reading: http://www.forbes.com/sites/timworstall/2014/03/18/bill-gates-points-to-the-best-tax-system-the-progressive-consumption-tax/ ^[4]

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We Need A Truly Progressive Tax Rate More
Published: 9 years, 3 month(s) ago by Karim Othmani | permalink
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It's important to reduce tax breaks that favor the top few percent but we can’t raise all the revenue we will ultimately need from the truly wealthy alone.

For further reading: http://www.nytimes.com/roomfordebate/2015/02/04/can-tax-policy-distinguish-the-rich-from-the-middle-class/we-need-a-truly-progressive-tax-rate ^[5]

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Category: Fun | 9 years, 3 month(s) ago

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Christopher Pavelic, Liliana Martinez, willox 2112, Karim Othmani, patrick bevelander

References & Citations

1. http://www.investopedia.com/terms/p/progressivetax.asp

2. http://financial-dictionary.thefreedictionary.com/Progressive%2BTax%2BSystem

3. http://economictimes.indiatimes.com/definition/Progressive-Tax

4. http://www.forbes.com/sites/timworstall/2014/03/18/bill-gates-points-to-the-best-tax-system-the-progressive-consumption-tax/

5. http://www.nytimes.com/roomfordebate/2015/02/04/can-tax-policy-distinguish-the-rich-from-the-middle-class/we-need-a-truly-progressive-tax-rate