Akademik

regressive tax
A tax system that provides that average tax rates decrease with increases in individuals' income brackets. Bloomberg Financial Dictionary

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regressive tax regressive tax tax1

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regressive tax UK US noun [C] TAX
a tax in which poor people pay a higher percentage of their income than rich people: »

It's a regressive tax that hurts poor people more than anyone.

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This state has one of the most regressive tax systems in the nation.

Compare PROGRESSIVE TAX(Cf. ↑progressive tax)

Financial and business terms. 2012.