What is another word for regressive tax?

Pronunciation: [ɹɪɡɹˈɛsɪv tˈaks] (IPA)

A regressive tax is a very specific kind of tax that disproportionately affects lower-income individuals, as the tax rate decreases as the income of an individual increases. Some synonyms for the term 'regressive tax' include: fair tax, proportional tax, flat tax, non-progressive tax, and regressive tax structure. A fair tax system should ideally be one that does not place a burden on any particular group of people, but rather, applies to everyone equally. In contrast, a regressive tax system places a higher burden on lower-income families and individuals than on higher-income individuals. By using appropriate synonyms, we can clarify concepts and discuss them more accurately in an effort to promote informed debate and decision-making.

What are the hypernyms for Regressive tax?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for regressive tax?

The opposite of a regressive tax is a progressive tax. A progressive tax is a tax system in which the tax rate increases as the taxable amount increases. The goal of a progressive tax system is to include higher-income earners to pay a higher percentage of their income in taxes than lower-income earners. This approach is often designed to reduce income inequality by redistributing wealth from the wealthy to the less affluent. A progressive tax minimizes the tax burden on lower and middle-income earners while imposing a more substantial tax obligation on the wealthy. Progressive taxes are used in many countries globally, and they are often supported by social justice advocates.

What are the antonyms for Regressive tax?

Word of the Day

multitasker
The word "multitasker" usually refers to someone who can perform different tasks simultaneously. However, there are several antonyms for this word, which describe the opposite type...