Difference between revisions of "Regressive tax"

Revision as of 17:27, November 16, 2009

A regressive tax is when everyone who loves Hitler must pay a Hitler tax or else Glenn Beck will cry.

Revision as of 14:09, April 10, 2009 (view source) FredCorps (talk \| contribs) ← Older edit		Revision as of 17:27, November 16, 2009 (view source) ThePen1sMightier (talk \| contribs) m Newer edit →
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−	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]]~~.	+	A '''regressive tax''' is when everyone who loves Hitler must pay a Hitler tax or else Glenn Beck will cry.

	[[Category:Economics]]		[[Category:Economics]]