What is a regressive tax 2024?

Julian Lawrence | 2023-05-07 23:59:21 | page views:1909
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Amelia Brown

Studied at the University of Cambridge, Lives in Cambridge, UK.
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, so that the average tax rate exceeds the marginal tax rate.
2023-05-07 23:59:21

Benjamin Evans

QuesHub.com delivers expert answers and knowledge to you.
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, so that the average tax rate exceeds the marginal tax rate.
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