progressive land tax

listen to the pronunciation of progressive land tax
English - Turkish
(Ticaret) artışlı arazi vergisi
progressive tax
artan oranlı vergi
English - English

Definition of progressive land tax in English English dictionary

progressive tax
a tax for which the amount of an individual’s taxes rises as a proportion of income as the person’s income increases (chapter 14)
progressive tax
      Tax that imposes higher tax payments on those who are more wealthy
progressive tax
A tax system under which the percentage of tax paid increases as the level of income being taxed increases For example, the tax rate on up to $20,000 of taxable income is 15%, but the tax rate on $20,000 to $50,000 is 28% The U S tax system is a progressive system
progressive tax
a tax in which the rich pay a larger fraction of their income than the poor
progressive tax
a tax that charges a higher percentage of income as income rises
progressive tax
A tax that uses higher rates at higher income levels The U S federal income tax system is based on the progressive tax, with rates starting at 15 percent and rising to 39 6 percent for higher-income taxpayers
progressive tax
A tax in which the rate of taxation increases as income increases
progressive tax
A progressive tax is a tax that takes an increasing proportion of income as income rises Income tax is an example of a progressive tax, as the rate increases as a person earns more
progressive tax
a tax that takes a smaller percentage of lower incomes and a larger percentage of higher incomes
progressive tax
a progressive tax is one in which the average tax rate paid by an individual rises as income rises
progressive tax
is a tax where the rich pay a larger percentage of income than the poor This is in marked contrast to Regressive Tax where the lower income people have to pay higher tax rates compared to high income people
progressive tax
A tax structured so that higher-income people pay a larger proportion of their income in taxes
progressive tax
a tax that takes more money from people with higher incomes than from people with lower incomes   regressive tax. Tax levied at a rate that increases as the quantity subject to taxation increases. Designed to collect a greater proportion of tax revenue from wealthy people, progressive taxes reflect the view that those who are able to pay more should carry a heavier share of the tax burden. Progressive income taxes may provide for exemption from tax liability for incomes under a specified amount, or they may establish progressively greater rates for larger and larger incomes. The presence of deductions can also make a tax progressive. Progressive taxes are a stabilizing force in periods of inflation or recession because the amount of tax revenue changes more than proportionately with an increase or decrease in income. For example, in an inflationary economy, as prices and incomes rise, a greater percentage of taxpayers' income goes toward taxes. Government revenues increase, and the government has more leverage over the economy. A side effect of this system is that lower-income taxpayers have an especially difficult time making ends meet when inflation is high. To compensate, many economists advocate indexation; several countries adjust their tax rates annually in times of inflation, usually in line with the consumer price index. See also regressive tax
progressive tax
a tax that increases as a proportion of income as income increases
progressive tax
A levy which collects more from those better able to pay
progressive tax
any tax in which the rate increases as the amount subject to taxation increases
progressive tax
a tax in which the rich pay a larger fraction of their income than the poor (Stiglitz and Boadway, 1994) (S6, II 3) chinese | russian
progressive land tax

    Hyphenation

    Pro·gres·sive Land tax

    Turkish pronunciation

    prıgresîv länd täks

    Pronunciation

    /prəˈgresəv ˈland ˈtaks/ /prəˈɡrɛsɪv ˈlænd ˈtæks/
Favorites