progressive taxation in English
method of taxation in which the poor pay less and the rich pay more
Use "progressive taxation" in a sentence
1. Progressive taxation requires taxpayers to contribute according to their ability to pay.
2. Like the federal government, Québec treats individuals as tax units and enforces "progressive taxation," a system under which taxpayers with a greater ability to pay are more heavily taxed.
3. Thus, Bismarckian social insurance can be used to compensate for brute luck events, whereas progressive taxation and/or basic income can be used to create redistribution beyond risk pooling
4. It also requires more progressive taxation; more short-term fiscal stimulus with medium- and long-term fiscal discipline; lender-of-last-resort support by monetary authorities to prevent ruinous runs on banks; reduction of the debt burden for insolvent households and other distressed economic agents; and stricter supervision and regulation of a financial system run amok; breaking up too-big-to-fail banks and oligopolistic trusts.