regressive tax Meaning in Cambridge Business English Dictionary
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Meaning of "regressive tax" - Business English Dictionary

regressive tax

noun [C]
 
 
TAX
a tax in which poor people pay a higher percentage of their income than rich people: It's a regressive tax that hurts poor people more than anyone. This state has one of the most regressive tax systems in the nation.
→  Compare progressive tax
(Definition of regressive tax from the Cambridge Business English Dictionary © Cambridge University Press)
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