degressive tax Meaning in the Cambridge English Dictionary
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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]

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TAX a ​type of ​tax in which ​people with high ​incomespay less ​tax as a ​percentage of their ​income than those ​people with ​lowincomes: Degressive ​taxesredistributewealth from the ​bottom to the ​top.
(Definition of degressive tax from the Cambridge Business English Dictionary © Cambridge University Press)
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