Difference between revisions of "Regressive tax"
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Latest revision as of 19:53, 2 June 2020
Regressive tax is a tax in which people with higher incomes pay a smaller share of their income in tax.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Regressive tax. A tax in which people with higher incomes pay a smaller share of their income in tax.
