Business terms and jargon
explained. Your business dictionary
What is Regressive Tax
This is where a smaller percentage of tax is charged as a personís income increase. This type of tax system is seen to be unfair to the poor and goes against the principle of vertical equity. Fix taxes can fall under this heading.
E.g. Car tax is a fixed amount. Some may consider a car to be a necessity rather than a luxury, but it takes a larger slice of a poor personís income compared to a rich personís income.
<- Go Back
Business Terms Home page
Search jargon and terms database to learn more:-
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term created / updated 2006-07-30 16:32:38
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.
Copyright © 2004-2018 Scopulus Limited. All rights reserved.