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regressive tax
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regressive tax

  a tax that takes a higher percentage of those with low income compared to those with high income
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regressive tax regressive taxes
Strongly Associated with:   progressive tax
Taxes that are equally applied to all are considered regressive if they are not adjusted downward for those with lower income. For example, a flat tax on tobacco could be considered regressive since wealthy people would spend a lower percentage of their income on tobacco than other people.
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Associated words [difficulty]:   regressive tax , regress [5] , regression analysis [7]
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Most commonly used in these subjects:   Public Policy & Politics, Business, Personal Finance
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