Progressive tax: what it means

With a progressive tax, the rate rises as income rises. The higher rate applies only to the part of income above each threshold, not to the whole salary. Russia, the UK, the US and South Korea tax income this way.

Useful pages

🧾 Russia 🧾 United Kingdom 🧾 United States 🧾 Salary calculator 💼 Jobs

Related terms

Flat tax · Income tax · Tax deduction (allowance)

This is general information, not legal advice. Check the exact rules with an official source.