| 41. | Social Security is the most regressive tax ever devised because of the way it hits low-wage workers much harder than high-wage workers.
|
| 42. | The opposite of a progressive tax is a regressive tax, where the tax rate decreases as the amount subject to taxation increases.
|
| 43. | The heavy reliance on the sales tax is one reason Texas has one of the most regressive tax systems in the country.
|
| 44. | In actuality though, the existence of a progressive federal personal income tax, does not refute the claims of an overall regressive tax system.
|
| 45. | Last week, the American Bar Association's committee on litigation denounced the proposal as " a regressive tax on the right to litigate ."
|
| 46. | So sin taxes end up placing a disproportionate tax burden on the poor, and that is the very definition of a regressive tax.
|
| 47. | Investopedia defines a regressive tax as " [ a ] tax that takes a larger percentage from low-income people than from high-income people.
|
| 48. | The opposite of a regressive tax is a progressive tax, in which the average tax rate increases as the amount subject to taxation increases.
|
| 49. | 1 ) As currently formulated, Social Security has become an oppressively regressive tax, a flat tax which exempts the higher earners, not the lowest.
|
| 50. | The marriage penalty bill put forth by the majority in Congress is one part of a fiscally irresponsible, poorly targeted and regressive tax plan.
|
