Regressive tax
A regressive tax applies a uniform tax rate to all taxpayers, thereby taking a larger percentage of income from low-income earners than from high-income earners.
Where this appears
The syllabus topics that use this term.
Welcome to IBonomics! We are excited to launch and hope you find the website useful! Learn more about us here!
A regressive tax applies a uniform tax rate to all taxpayers, thereby taking a larger percentage of income from low-income earners than from high-income earners.
The syllabus topics that use this term.