Dictionary from West's Encyclopedia of American Law. 2005.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
regressive tax — UK US noun [countable] [singular regressive tax plural regressive taxes] a tax system in which poor people pay a bigger percentage of their income than rich people Thesaurus: types of tax and taxationhyponym … Useful english dictionary
Regressive tax — A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. [ [http://www.merriam webster.com/dictionary/Regressive Webster] (3): decreasing in rate as the base increases (a… … Wikipedia
regressive tax — A tax system that provides that average tax rates decrease with increases in individuals income brackets. Bloomberg Financial Dictionary * * * regressive tax regressive tax ➔ tax1 * * * regressive tax UK US noun [C] TAX ► a tax in which poor… … Financial and business terms
Regressive Tax — A tax that takes a larger percentage from low income people than from high income people. A regressive tax is generally a tax that is applied uniformly. This means that it hits lower income individuals harder. Some examples include gas tax and… … Investment dictionary
regressive tax — UK / US noun [countable] Word forms regressive tax : singular regressive tax plural regressive taxes a tax system in which poor people pay a bigger percentage of their income than rich people … English dictionary
regressive tax — Tax levied at a rate that decreases as its base increases. Regressivity is considered undesirable because poorer people pay a greater percentage of their income in tax than wealthier people. Consumption taxes and sales taxes are usually… … Universalium
regressive tax — A tax in which the rate of tax decreases as income increases. Indirect taxes fall into this category. Regressive taxes are said to fall more heavily on the poor than on the rich; for example, the poor spend a higher proportion of their incomes on … Big dictionary of business and management
regressive tax — 1. A *taxation system in which *tax rates decrease with higher levels of taxable income. Contrast *progressive tax. 2. A *taxation system which is considered to favor the wealthy and cause hardship to poorer individuals. For example, a taxation… … Auditor's dictionary
regressive tax — re gressive .tax n a tax that has less effect on the rich than on the poor … Dictionary of contemporary English
regressive tax — re,gressive tax noun count a tax system in which poor people pay a bigger percentage of their income than rich people … Usage of the words and phrases in modern English
