Regressive tax

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Personal Finance

A regressive or flat income tax system taxes everyone at the same rate, as sales tax does.

Advocates say it's simpler and does away with the kinds of tax breaks that tend to favor the wealthy. Opponents say that middle-income taxpayers carry too large a proportion of the total tax bill.

Business› Finance› Personal Finance

Income Tax

A tax that takes a larger percentage of income from low-income groups than from high-income groups.

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