degressive tax

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Related to degressive tax: Regressive tax
  • noun

Words related to degressive tax

any tax in which the rate decreases as the amount subject to taxation increases

References in periodicals archive ?
THERE ARE WEAKNESSES in the logic of this doctrine that make the fairness of a proportionate or degressive tax system less than perfect.
Note that in this all-too-common circumstance, where both aptitudes and benefits are equal, even a proportionate or degressive tax is redistributive with respect to the hardest workers.
Again this can be seen in our parable: Using a degressive tax system and assuming the subsistence level of income was $25,000, Tom would not have to pay any tax, even though he could easily pay his share of a proportionate tax simply by working three more hours per week.