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

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