degressive tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “degressive tax” in the English Dictionary

"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)
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