Tax which takes a greater proportion or percentage the higher the income of the taxpayer. This contrasts with regressive tax, where the proportion paid falls as income increases, and proportional tax, where the proportion paid remains the same at all levels of income. Examples of progressive taxes in the UK include income tax and capital gains tax.
The Union Jack marks Australia's historical links with Britain. The Southern Cross helped guide early European navigators to the continent. Effective date: 15 April 1954.