from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The quality or degree of being progressive: "Proponents of progressivity often argue that higher-income people should pay higher taxes because they benefit more from government” ( National Review).
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The condition of being progressive
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. advancement toward better conditions or policies or methods
As an aside, how much of the decrease in progressivity comes from greater breadth of stock ownership -- if more people own stock, then more people are imputed to be be paying corporate income taxes -- not that such imputations have anything to do with actual tax incidence?
However, if progressivity is a requirement in the real world, the tax could be coupled with a standard per capita rebate that would, in effect, become a negative tax at lower income levels/consumption levels, and as you go up the income/consumption scale, the tax bite progressively gets to be greater.
Flatness itself has just about nothing to do with simplicity; the only complexity added by progressivity is looking up a number in a chart at the end.
The typical objection to a sales or value added tax is that it is regressive but I think you could maintain progressivity through tax credits for lower incomes.
Paying it back with a gradual increase in progressivity and closing loopholes is well within the realm of Keynesian theory.
That is called progressivity and, of course, it is one of the most contentious aspects of any tax system.
He seems to suggest that some progressivity is good in the tax code, but that progressivity should be minimized (or at least not increased) during difficult economic times.
Or maybe progressivity is one of the aspects of SS that you want to eliminate????
"I think it's very important for us to maintain what's called progressivity in the tax code," the president said.
The more interesting aspect would be to look at the "progressivity" of taxes minus government monetary transfers.
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