progressivity — [prō΄gre siv′ə tē] n. 1. the quality of being progressive: said of a tax or system of taxation 2. the degree to which a tax or system of taxation is progressive * * * pro·gres·siv·i·ty (prō grĕ sĭvʹĭ tē, prŏg rĕ ) n. pl. pro·gres·siv·i·ties The… … Universalium
progressivity — [prō΄gre siv′ə tē] n. 1. the quality of being progressive: said of a tax or system of taxation 2. the degree to which a tax or system of taxation is progressive … English World dictionary
progressive tax — Tax levied at a rate that increases as the quantity subject to taxation increases. Designed to collect a greater proportion of tax revenue from wealthy people, progressive taxes reflect the view that those who are able to pay more should carry a… … Universalium
progressivity — noun Date: 1883 the quality or state of being a progressive tax … New Collegiate Dictionary
Progressive tax — A progressive tax is a tax imposed so that the tax rate increases as the amount subject to taxation increases. [ [http://www.merriam webster.com/dictionary/Progressive Webster] (4b): increasing in rate as the base increases (a progressive tax)] [ … Wikipedia
regressive tax — Tax levied at a rate that decreases as its base increases. Regressivity is considered undesirable because poorer people pay a greater percentage of their income in tax than wealthier people. Consumption taxes and sales taxes are usually… … Universalium
income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… … Universalium
Federal Insurance Contributions Act tax — The Federal Insurance Contributions Act (FICA) tax (pron en|ˈfаɪkə) is a United States payroll (or employment) tax [The FICA tax is imposed under the Federal Insurance Contributions Act, which is codified as usctc|26|21] imposed by the federal… … Wikipedia
Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… … Wikipedia
Kiddie Tax — The kiddie tax rule exists in the United States of America and can be found in [http://www.law.cornell.edu/uscode/html/uscode26/usc sec 26 00000001 000 .html Internal Revenue Code § 1(g)] , which “taxes certain unearned income of a child at the… … Wikipedia
Taxation in the United States — is a complex system which may involve payment to at least four different levels of government and many methods of taxation. United States taxation includes local government, possibly including one or more of municipal, township, district and… … Wikipedia