graduated flat tax

Graduated Flat Tax

A progressive income tax with only a few, usually low tax brackets. For example, a graduated flat tax would tax all income up to $20,000 at 5% and income above that at 15%. A graduated flat tax seeks a compromise between those who say that a flat tax is regressive and those who say that a progressive tax is extortionary.

graduated flat tax

An income tax having a minimal number of progressively higher rates. For example, a taxing authority may levy a tax of 10% on all income up to $15,000, 15% on income from $15,000 to $25,000, and 20% on all income above $25,000. The graduated flat tax is a compromise between a flat tax and a progressive tax.
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