Should income be taxed at a progressive rate?
The Secret Millionaire unwittingly made a strong case for a much more progressive rate of taxation.
Many in the country, including the Communists, want to hold on to progressive rates.
That amount, less a standard deduction, would be taxed at progressive rates.
2. Robin Hood tax. 3. Tax all income at the same progressive rate--capital gains same as wages.
One approach to consider is flatter taxes (a less progressive rate structure on a broader base) and more progressive spending.
"We are extremely supportive of the Cypriot intentions to introduce more progressive rates," she said in Frankfurt.
Households would pay tax at progressive rates on their wages but would not pay tax on income from savings.
Furthermore, any flattish tax, even one that incorporates progressive rates and doesn't wreck beneficial social policies, might mean the end of many, or most, sacrosanct deductions.
The progressive rate of tapering from the base of the tail to the tip is comparable to that of a bullwhip from the grip to the tip.
