Desde Investopedia

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Progressive Tax A progressive tax is a tax that takes a larger percentage from high-income earners than it does from low-income individuals. The U.S. income tax system is considered progressive. In 2016, individuals who have under $9,275 of taxable income pay 10% in income tax, while taxpayers earning more than the benchmark cutoff of $415,050 fall into tax brackets with rates up to 39.6%.

Breaking it Down: The progressivity of a tax structure depends on how quickly the tax rates rise in relation to increases in income. For example, if one tax code has a low rate... Read More