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definitions

regressive tax

A tax that takes a higher percentage of low incomes than high ones. Sales taxes, especially on food, clothing, medicine, and other basic necessities are widely cited as examples of regressive taxes. (Compare progressive tax.)

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Nearby words

  1. regression,
  2. regression analysis,
  3. regressive,
  4. regressive assimilation,
  5. regressive staining,
  6. regressively,
  7. regressivity,
  8. regret,
  9. regretful,
  10. regrettable
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.