Nearby Words

regressive tax

Cultural Dictionary

regressive tax definition


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.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Regressive tax is always a great word to know.
So is flibbertigibbet. Does it mean:
a chattering or flighty, light-headed person.
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
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