Meaning of “degressive tax” in the English Dictionary

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"degressive tax" in Business English

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degressive taxnoun [ C or U ]

uk us

TAX a type of tax in which people with high incomes pay less tax as a percentage of their income than those people with low incomes:

Degressive taxes redistribute wealth from the bottom to the top.

(Definition of “degressive tax” from the Cambridge Business English Dictionary © Cambridge University Press)