Difference between revisions of "Progressive taxation"
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KarlJaeger (talk | contribs) (Before I get banned for putting the left-wing note back in, please note that the Conservapedia article on "Liberal" specifically says "Income redistribution, usually through progressive taxation".) |
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| − | '''Progressive taxation''' is a typically [[Liberal]] [[tax]] policy whereby the rich are taxed more heavily than the poor. They are placed into ''progressively higher'' [[tax brackets]]. | + | '''Progressive taxation''' is a typically [[Liberal]] [[tax]] policy 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. |
[[Category:Finance]][[Category:Government]] | [[Category:Finance]][[Category:Government]] | ||
Revision as of 19:29, November 14, 2008
Progressive taxation is a typically Liberal tax policy 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.