regressive tax
Definition
Taxation that takes a larger percentage of a lower-income and a smaller percentage of a higher income. For example, a tax on the basic necessities (which form a larger percentage of the expenditure of the lower income population) is a regressive tax. See also progressive tax.
email to a friend
print this definition
cite this definition
link to this page
regressive tax is in the Economics, Politics, & Society subject.
regressive tax appears in the definition of the following term: progressive tax
This content can be found on the following page:
http://www.businessdictionary.com/definition/regressive-tax.html