A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Tax BracketA range of income taxed at a specific rate, with higher slices of your income taxed at higher percentages.
- Marginal Tax RateThe tax rate applied to your last dollar of income, meaning the rate on your highest bracket.
- Regressive TaxA tax that takes a larger share of income from lower earners than higher earners, such as many sales taxes.
- State Income TaxA tax some states charge on your earnings, separate from federal income tax, with rates that vary by state.
- Taxable IncomeThe portion of your income left after deductions that the government actually applies tax rates to.
Turn this into a brick
Knowing what Progressive Tax means is knowledge — the first half. A brick gets placed when you act on it.
More in Taxes
1099Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDependent
Plain-English education — not personalized legal, tax, or investment advice.