Siteadmin, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators
125,657
edits
Changes
Jump to navigation
Jump to search
mLine 1:
Line 1: − +
Reverted edits by ThePen1sMightier (Talk) to last version by FredCorps
A '''regressive tax''' is when everyone who loves Hitler must pay a Hitler tax or else Glenn Beck will cry.
A '''regressive tax''' is when everyone is taxed a fixed dollar amount, or fixed percentage such as sales tax. Essentially, a regressive tax causes those earning lower incomes to pay a greater percentage of their income. This acts as an incentive to force those earning lower incomes to work to earn higher incomes, thus reducing their effective [[tax rate]].
[[Category:Economics]]
[[Category:Economics]]