REGRESSIVE TAX


Meaning of REGRESSIVE TAX in English

A tax that tends to take a larger percentage of the incomes of lower income citizens than it takes from the incomes of higher income citizens. Examples: a poll tax, a flat percentage tax on only the first so many dollars of income (like the social security tax) or a sales tax on consumption items of common necessity (like groceries).

English glossary of political economy terms.      Английский глоссарий политико-экономических терминов.