regressive
adjective
UK/rɪˈɡres.ɪv/
US/rɪˈɡres.ɪv/
Definitions of regressive adjective
tax
- finance & economicsspecialized
Relating to a tax that takes a smaller percentage of income as the income of the taxpayer increases, thus disproportionately affecting lower-income individuals.
A regressive tax system disproportionately burdens lower-income individuals, as they pay a larger percentage of their earnings in taxes.
Sales taxes on essential items like groceries are often criticized for being regressive, as they take a larger bite out of the budgets of lower-income families.
The tax on gasoline can be considered regressive, as it represents a greater proportion of expenses for lower-income drivers compared to higher-income ones.