DEGRESSIVE TAX

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("degressive tax" is a kind of...):

revenue enhancement; tax; taxation (charge against a citizen's person or property or activity for the support of government)

Credits