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A regressive tax system is one in which the tax rate decreases as the income level increases, meaning that lower-income individuals pay a higher percentage of their income in taxes compared to higher-income individuals. This results in a disproportionate financial burden on those with less income, as they spend a larger share of their earnings on taxes. Common examples include sales taxes and certain excise taxes, which do not account for the taxpayer's ability to pay. Ultimately, regressive taxes can contribute to income inequality.
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What is a definition of a regressive tax system?
A tax system that puts a greater burden on low-income people than on high-income people
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
What is the principle that justifies a regressive tax?
The benefits-received principle justifies a regressive tax.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
What is a definition of a regressive tax system?
A tax system that puts a greater burden on low-income people than on high-income people
Is the federal gift tax progressive or regressive?
Homework questions are really best answered by referring to your class materials. What is the definition of progressive VS regressive...and how is the gift tax applied?
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
Is the sales tax progressive or regressive?
regressive
Is payroll tax regressive or progressive?
Regressive
Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
What is the principle that justifies a regressive tax?
The benefits-received principle justifies a regressive tax.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
What kind of tax is the sales tax?
Regressive tax
What kind of tax is sales tax?
Regressive
Under which tax system do poor people pay a larger proportion of income than wealthier people?
Regressive tax
Is a tax where every one pays the same percentage regressive?
regressive.
