Cryptocurrency Q&A
What is the most regressive form of taxation?
What is the most regressive form of taxation?
GwanghwamunGuardianAngelWingsBlessing
Mon Jan 13 2025
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6 answers
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I'm trying to understand the different forms of taxation and want to know which one is considered the most regressive. I'm looking for an explanation of what makes a tax regressive and which specific tax fits that description.
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6 answers
Chiara
Wed Jan 15 2025
A regressive tax is characterized by its flat nature.
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AzureWave
Wed Jan 15 2025
This implies that the same rate of tax is applied consistently.
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Giuseppe
Wed Jan 15 2025
Generally, the rate remains unchanged regardless of an individual's income level.
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DiamondStorm
Wed Jan 15 2025
Sales taxes are a common example of regressive taxes.
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Lorenzo
Tue Jan 14 2025
Payroll taxes, excise taxes, and property taxes also fall into this category.
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