Difference between revisions of "Regressive tax"

Revision as of 11:46, July 1, 2010

Conservapedia is vandalized!

Revision as of 03:48, February 26, 2010 (view source) DanielPulido (talk \| contribs) ← Older edit		Revision as of 11:46, July 1, 2010 (view source) CPVandaIism (talk \| contribs) (Replaced content with 'Conservapedia is vandalized!') Newer edit →
Line 1:		Line 1:
−	~~A '''regressive tax'''~~ is one in which everyone is assessed a fixed dollar amount or a fixed percentage, such as a 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]].	+	Conservapedia is vandalized!
−
−	~~[[Category:Economics]]~~