Regressive tax
regressive tax definition
A tax that takes a higher percentage of low incomes than high ones. Sales taxes, especially on food, clothing, medicine, and other basic necessities are widely cited as examples of regressive taxes. (Compare progressive tax.)
Read Also:
- Regressivity
adjective 1. regressing or tending to regress; retrogressive. 2. Biology. of, relating to, or effecting regression. 3. (of tax) decreasing proportionately with an increase in the tax base. 4. Logic. obtained from or characterized by backward reasoning. adjective 1. regressing or tending to regress 2. (of a tax or tax system) levied or graduated so […]
- Regressor
verb (used without object) 1. to move backward; go back. 2. to revert to an earlier or less advanced state or form. noun 3. the act of going back; return. 4. the right to go back. 5. backward movement or course; retrogression. verb (rɪˈɡrɛs) 1. (intransitive) to return or revert, as to a former place, […]
- Regret
verb (used with object), regretted, regretting. 1. to feel sorrow or remorse for (an act, fault, disappointment, etc.): He no sooner spoke than he regretted it. 2. to think of with a sense of loss: to regret one’s vanished youth. noun 3. a sense of loss, disappointment, dissatisfaction, etc. 4. a feeling of sorrow or […]
- Regretable
adjective 1. causing or deserving regret; unfortunate; deplorable.
- Regretful
adjective 1. full of regret; sorrowful because of what is lost, gone, or done.