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progressive tax
by 趙永祥 2016-09-13 10:05:48, Reply(0), Views(453)


BusinessDictionary.com
TERM OF THE DAYSEPTEMBER 12, 2016
progressive tax
f   t

Income tax that takes a larger percentage of a larger income and a smaller percentage of a smaller income. For example, a tax on luxury cars. See also proportional tax and regressive tax
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USAGE EXAMPLE
If you start to make too much money in your business, you may get hit with a higher progressive taxthan you were getting before.
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