Difference between revisions of "Regressive tax"
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| − | A '''regressive tax''' is | + | A '''regressive tax''' is a form of taxation where an individual's effective [[tax rate]] ''decreases'' as their amount of income ''increases''. Essentially, a regressive tax causes those earning lower incomes to pay a greater percentage of their income in taxes. In the United States, [[sales tax]]es and [[payroll taxes]] ([[Social Security]] and [[Medicare]]) are the two most common examples of regressive taxes. |
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| + | ==See also== | ||
| + | *[[Flat tax]] | ||
| + | *[[Progressive tax]] | ||
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| + | {{Economic preparedness topics}} | ||
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| + | [[Category:Economic Preparedness]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
| + | [[Category:Taxation]] | ||
Latest revision as of 18:20, July 13, 2016
A regressive tax is a form of taxation where an individual's effective tax rate decreases as their amount of income increases. Essentially, a regressive tax causes those earning lower incomes to pay a greater percentage of their income in taxes. In the United States, sales taxes and payroll taxes (Social Security and Medicare) are the two most common examples of regressive taxes.
See also
