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Glossary Political Economy / Term

Regressive tax

A tax that tends to take a larger percentage of the incomes of lower income citizens than it takes from the incomes of higher income citizens. Examples: a poll tax, a flat percentage tax on only the first so many dollars of income (like the social security tax) or a sales tax on consumption items of common necessity (like groceries).

Permanent link Regressive tax - Creation date 2020-06-14


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