Progressive Taxation in Theory and Practice e-bog

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. Speaking, therefore, the distinction ought to be drawn, not between proportion and progression, but between two kinds Of proportion - regular proportion and progressive proportion. Again, the progression, if we adopt the term, may itself be either proportional or progressive: a pro portional progression being an increase Of the rate at an arithmetical ratio, a progressive progression being an in crease at a geometrical ratio.