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Longman Dictionary English

From Longman Dictionary of Contemporary English
Related topics: Tax
progressive taxproˌgressive ˈtax noun [singular] PETa tax that takes more money from people with higher incomes than from people with lower incomes OPP regressive tax
Examples from the Corpus
progressive tax• Why? 6 Precisely what is meant by a progressive tax?• A second reform is therefore essential - to turn the national insurance tax from a proportional into a progressive tax.• Income tax is a progressive tax because higher earners pay a higher proportion of their income in this tax than lower earners.• A progressive tax structure is one in which the average tax rate rises with an individual's income level.• Like any progressive tax, liability increases where the pocket is deeper.• By definition, a tax whose average tax rate rises as income Increases is called progressive tax.
From Longman Business Dictionaryprogressive taxproˈgressive tax [countable]TAX a tax that is charged at an increasing rate as income increasesAn increasingly progressive tax will generally allow a state’s tax revenue to grow. → tax
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May 12, 2025

microscope
noun ˈmaɪkrəskəʊp
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