In a way the new price is like a progressive tax.
The whole point of progressive tax is to take from the top and give to the bottom.
But without something like a progressive tax, we won't be able to keep that up much longer.
It was a progressive tax that took up to 75 percent on incomes over 5 million.
He calls the progressive income tax a form of slavery.
Objects over 50 years old are subject to inspection and to a progressive tax starting at 8 percent for the first $750.
It also called for civil service reform and a progressive income tax (Items 10 & 12).
Democrats in the House are discussing a progressive income tax that would rise to 8 percent for families making over $50,000.
Other economists credit Smith as one of the first to advocate a progressive tax.
New York is also the only American city with a progressive personal income tax.
