Difference between revisions of "Progressive taxation"

From Conservapedia
Jump to: navigation, search
(slightly less of a mess which is not saying much.)
Line 1: Line 1:
'''Progressive taxation''' is a typically [[Liberal]] [[tax]] policy (though it deserves note that [[Adam Smith]], an early proponent of laissez-faire economy, suggested that small amounts of progressive taxation could be beneficial to society) whereby the rich are taxed more heavily than the poor. They are placed into ''progressively higher'' [[tax brackets]].  The name is a technical economic term and has nothing to do with causing progress.
+
'''Progressive taxation''' is a form of taxation where the rates of tax paid increase as income increases.  This form of taxation is generally preferred by liberals because it leads to an increased income equality.  Conservatives generally argue that at its most extreme it is simply a form of [[income redistribution]] and [[class warfare]].
 +
 
 +
It deserves note that [[Adam Smith]], an early proponent of laissez-faire economy, suggested that small amounts of progressive taxation could be beneficial to society) whereby the rich are taxed more heavily than the poor.  The name is a technical economic term and has nothing to do with causing progress.
  
 
==See Also==
 
==See Also==

Revision as of 01:25, 18 February 2013

Progressive taxation is a form of taxation where the rates of tax paid increase as income increases. This form of taxation is generally preferred by liberals because it leads to an increased income equality. Conservatives generally argue that at its most extreme it is simply a form of income redistribution and class warfare.

It deserves note that Adam Smith, an early proponent of laissez-faire economy, suggested that small amounts of progressive taxation could be beneficial to society) whereby the rich are taxed more heavily than the poor. The name is a technical economic term and has nothing to do with causing progress.

See Also