Which Best Describes A Regressive Tax?

Consumer Reports, she is an experienced in credit and debt, retirement planning, house ownership, employment issues, and insurance. She is a graduate that Bryn Mawr university (A.B., history) and also has an MFA in an imaginative nonfiction native Bennington College." data-inline-tooltip="true">Julia Kagan

Janet Berry-Johnson is a CPA v 10 year of experience in public bookkeeping and writes about income counting and small business accounting.

What Is a Regressive Tax?

A regressive taxation is a taxapplied uniformly, takinga larger percentage of earnings from low-income earners than from high-income earners. The is in opposition to a progressive tax, i m sorry takes a larger percentage from high-income earners.