What is it, How it works, Types, Examples, Benefits and How to calculate ?

"Regressive Tax"

Regressive tax is a type of tax system in which the tax rate decreases as the taxpayer's income increases. The tax burden is higher for lower-income individuals & lower for higher-income individuals.

What is Regressive Tax ?

Regressive taxes are typically applied to goods and services that are considered essential or necessary, such as food, utilities, and transportation. These taxes are often indirect.

How the Regressive Tax Works ?

Examples of regressive taxes include sales taxes, excise taxes, property taxes, user fees, sin taxes, tariffs, flat taxes, gasoline tax, consumption taxes, and payroll taxes.

Regressive Tax Examples

Advantage of regressive tax system is its simplicity & lower administrative costs. It requires fewer resources to implement and enforce, resulting in lower costs to government.

Benefits of of Regressive Tax

How to Calculate Regressive Tax ?

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To calculate the regressive tax, you need to know the tax rate and the income of the taxpayer. Below is a step-by-step guide to calculating regressive tax.

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