Asked by Jordan Thornhill on Jul 16, 2024
Verified
What is the definition of a regressive tax?
Regressive Tax
A tax rate that decreases as the taxable amount increases, placing a higher burden on lower-income earners.
- Outline basic taxation theories, focusing on proportional and regressive tax schemes, and the separation between marginal and average tax rates.
Verified Answer
AH
Alexandra HermanJul 18, 2024
Final Answer :
A regressive tax is one in which the tax rate decreases as the tax base increases.
Learning Objectives
- Outline basic taxation theories, focusing on proportional and regressive tax schemes, and the separation between marginal and average tax rates.