EconGuru Economics Guide RSS Syndication

Get published on EconGuru.com. Start here!

© Copyright 2006 - 2011 EconGuru.com. All rights reserved. Assets marked and linked to the original sources are hereby used for educational purposes only and are copyrighted by their respective owners.

Subscribe to EconGuru.

What is a Progressive Tax?

The progressive tax system is widely used around the world. It is based on the idea that the more taxable income or profit an individual makes the higher the rate of tax they should pay. The way this system should work is that those who earn the least amount of money should have to pay the least amount of tax – they will pay a lower percentage of tax on their income than the high earners. It is viewed as fair system by many but there are also critics who believe that taxing the rich too much stifles the economy. Read the rest of this entry »

EconGuru Economics Guide

Educating the public since 2006.