progressive tax system
[/prəˈɡresɪv tæks ˈsɪstəm/]
nounpl: progressive tax systems
sistema de impostos progressivo
1. A tax structure where the tax rate increases as the taxable amount increases, meaning higher earners pay a larger percentage of their income in taxes
The progressive tax system ensures that wealthy individuals contribute more to public services than lower-income earners.
O sistema de impostos progressivo garante que indivíduos mais ricos contribuam mais para os serviços públicos do que os ganhadoreS de baixa renda.
2. A fiscal policy approach designed to reduce income inequality by implementing tax brackets with increasing rates for higher income levels
Most developed nations employ a progressive tax system to fund social programs and infrastructure.
A maioria das nações desenvolvidas emprega um sistema de impostos progressivo para financiar programas sociais e infraestrutura.
Progressive taxation is a cornerstone of fiscal policy in both Brazil and the United States, though often debated. In Brazil, the progressive income tax system (Imposto de Renda da Pessoa Física) is a key revenue source, with rates ranging across multiple brackets. In the US, progressive taxation reflects a core principle of tax equity, though debates continue about optimal rates and brackets.
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