Roosevelt, Mr Obama said, broke up monopolies and set out policies that led to a progressive income tax and worker protection.
More and more people spoke out for a progressive income tax.
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The Confederacy had a progressive income tax, too.
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That fall, a progressive income tax became law.
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One can be sure tax lawyers will discover new techniques to defer taxable income, which is a reflection of what always happens under a progressive income tax despite efforts of the tax police to curtail it.
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For the record, my testimony suggested a more progressive income tax as a short run palliative and more investment in education and job training as a long-term solution.
Unfortunately, we are stuck with the most harmful system of all: a complex, progressive income tax, with lots of politically motivated loopholes, deductions, and credits, that encourages a raft of unproductive activities, and supports an entire class of unneeded service providers to calculate.
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Tax Cuts in a progressive (Income, business, estate and excise) tax system give the largest benefits to the most affluent.
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If multinationals are guaranteed a lower tax rate from the progressive, statutory corporate income tax rate of 35% in exchange for closing tax credits, then small businesses that have enough revenue will either rush to incorporate to get the same benefit now that their tax credits have been removed, or jam their congressional leaders phone lines asking for the same cut to the statutory rate.
Following the House budget resolution would almost certainly shift more of the tax burden to low- and middle-income households and yield a less progressive tax system.
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He invented the use of vouchers to foster school choice, favored replacing the progressive income tax with a flat tax, and even sought to abolish government licensing of doctors.
Mr Clarke argues that the best way to create "a more progressive taxation regime" is through raising income tax itself.
Exhibit A is a progressive tax code and the penalty it imposes on earning marginal, or additional, income.
Sure, we have a progressive tax system in that the higher your income, the greater the percentage you pay.
Our progressive tax code punishes income received in a single year.
The next candidate who came around promising to return us to the progressive income tax would also be able to promise a tax cut for the vast majority of taxpayers, and they would win.
It gave top-tier earning expatriates the ability to avoid the standard progressive income tax of up to 43% and instead pay a flat tax rate of 24% on income earned in-country.
Most income-tax systems are already progressive, and who could disagree with a simpler system?
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He is a member of Responsible Wealth, which brings together high-wealth and high-income individuals in support of progressive tax policy.
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To clarify, that is correct since we have a progressive tax system (and, as was pointed out to me in the same email, there is no personal income tax in Nevada).
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