Simple English definitions for legal terms
Read a random definition: withholding tax
A regressive tax is a type of tax that takes a larger percentage of income from people with lower incomes than from people with higher incomes. This means that people who earn less money have to pay a higher percentage of their income in taxes than people who earn more money. It is called "regressive" because it has a greater impact on those who can least afford it.
A regressive tax is a type of tax that takes a larger percentage of income from low-income earners than from high-income earners. This means that people who earn less money pay a higher percentage of their income in taxes than people who earn more money.
These examples illustrate how a regressive tax can be unfair to low-income earners because they end up paying a larger percentage of their income in taxes than high-income earners. This can make it harder for them to make ends meet and can contribute to income inequality.