For example, the Medici family that controlled Renaissance Florence manipulated progressive tax rates to ruin their rivals.
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Progressive tax rates have been an integral part of the American tax system for a long time.
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Historically, this deduction prevents progressive tax rates from approaching or exceeding 100%.
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Ironically, though, peacetime progressive tax rates were very low by our standards.
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His economic adviser, a Marxist professor, was drawn by its commitment to progressive tax rates and to free health care and education.
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However, this is one reason that depending on the rich to finance government is so ill-advised: Progressive tax rates create mountains of cash during good times that vanish during recessions.
Indeed, if you were someone who earned at the top of the progressive tax rates on a federal and state level and then threw in the payroll taxes, and absolutely refused to take any of the myriad deductions and tax credits available to you, you might actually pay this amount.
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The researchers, who sampled one in every 5, 000 returns filed with the Internal Revenue Service, found that the tax system, with its progressive rates and refundable tax credits the earned income credit for the working poor and the child tax credit does reduce income inequality.
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President Obama wants to widen progressive income-tax rates to redistribute more money from the upper income to the middle class.
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True, federal income tax rates are progressive, with rates going to 35% for the top earners.
In France, as in the U.S., the income tax system is progressive which means that all taxpayers pay the same tax rates for the same levels of income.
New TPC estimates show that combined individual income and payroll tax rates are quite progressive throughout the income distribution except at the very top.
The trilemma holds that an income tax cannot simultaneously maintain progressive marginal rates, impose equal taxes on equal-earning couples, and insist on marriage neutrality.
But this tax shows that you can have a broader base and lower rates and still achieve a more progressive tax system than we now have.
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The tax rates should be less progressive.
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These deductions avoid marginal tax rates exceeding 100% in a highly progressive system.
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Most progressive income tax code in decades: By raising income tax rates on the wealthiest and keeping taxes low for the middle class, the agreement will ensure we have the most progressive income tax code in decades.
Progressive taxation has survived as a dogma that the rich should pay higher tax rates simply because they have more money.
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Of course, Fix The Debt while rejecting the idea of returning the tax rates for the upper 2 percent of Americans to the progressive rates of the Clinton era, thereby severely impacting on their personal capital gains and dividend income does appear prepared to support a proposal that would limit deductions as a way to raise revenue.
In lieu of a full repeal of the Bush era tax cuts revenue should be raised from those who can most afford it through higher progressive rates.
In a progressive tax system, that also means that the amount of tax payable will be smaller since tax rates tend to decrease with taxable income (with some exceptions, of course).
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Just as vexing, if Congress cuts that bundle of tax breaks across the board while trimming rates by 20 percent and eliminating the AMT, the Tax Code becomes much less progressive.
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