Define regressive tax, Microeconomics

Q. Define Regressive Tax?

Regressive Tax: A tax in that lower-income individuals or households bear a proportionately greater burden of the tax. Sales taxes aretypically considered regressive (Because lower-income households don't generally save, and thereforeshould pay sales tax on a larger proportion of their total income).

Posted Date: 8/26/2013 5:20:57 AM | Location : United States

Related Discussions:- Define regressive tax, Assignment Help, Ask Question on Define regressive tax, Get Answer, Expert's Help, Define regressive tax Discussions

Write discussion on Define regressive tax
Your posts are moderated
Related Questions
How have economists traditionally defined "economic growth," and how is that different from "living standards growth"?  Economists have traditionally explained economic growth

i''m"> i''m finding question 13 difficult to comprehen

Evaluation of the WTO: The WTO is different from and an improvement over the GATT in the following respects:  •  The WTO is more global in its membership.  •  The WTO ha

Why were there not any sustained increases in material productivity of human labor back before 1500? Since improved technology quickly ran aground on resource scarcity. As huma

How much would the price of Good Z (Pz) have to change in order to increase the consumption of Good C by twenty five percent (25%)?

why does the quantity of salt tend to be unresponsive to changes in its price

Define Law of conservation of mass, Explain briefly, Law of conservation of mass: In all physical & chemical changes the total mass of the reactants is equal to that of the produ

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

What are the advantages and disadvantages of monopsony?