Difference between revisions of "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]]. The name is a technical economic term and has nothing to do with causing progress. | '''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:Finance]] |
| + | [[category:Taxation]] | ||
Revision as of 02:57, January 14, 2009
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.