Progressive Tax

Business / Taxes / Progressive Tax: In a progressive, or graduated, income tax system, taxpayers with higher incomes are taxed at higher rates that those with lower incomes. Those in favor of this approach say that the greatest tax burden falls on those who can afford to carry it. Opponents argue that it imposes an unfair burden on the people whose ingenuity and hard work make the economy strong.

Other Words for Progressive

Progressive Noun Synonyms: advancing, continuing, developing, increasing, growing, ongoing, continuous, step by step, gradual
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Other Words for Tax

Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
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Tax Differential View (Of Dividend Policy)

Business / Finance / Tax Differential View (Of Dividend Policy): Allowing the capital gains tax on an asset to be payable only when the gain is realized by selling the asset. MORE

Tax Deferred Exchange (1031 Exchange)

Business / Real Estate / Tax Deferred Exchange (1031 Exchange): Under Section 1031 of the Internal Revenue Code, some or all of the realized gain from the exchange of property may not need to be immediately recognized for tax purposes. Both properties in an exchan MORE

Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA)

Business / Finance / Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA): The view that shareholders prefer capital gains over dividends, and hence low payout ratios, because capital gains are effectively taxed at lower rates than dividends. MORE

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