regressive tax
Tax such that the higher the income of the taxpayer the smaller the proportion or percentage paid in that tax. This contrasts with progressive tax, where the proportion paid rises as income increases, and proportional tax, where the proportion paid remains the same at all levels of income. Examples of regressive taxes in the UK are council tax and excise duty.
How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
| ?Page tools | ||
|---|---|---|
|
?Sign in  |
|---|