progressivity
/ˌprɑɡrɛˈsɪvɪti/
noun
- The quality of increasing in rate or amount as something grows, especially in taxes where higher earners pay a larger percentage.
- Economists debate the ideal level of progressivity in a tax system.
- The progressivity of the income tax means the rich pay a higher rate than the poor.
- Some countries have reduced progressivity in their tax codes, making them less fair.
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