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Home > Terms > Armenian (HY) > ռեգրեսիվ հարկ
ռեգրեսիվ հարկ
A tax that takes a smaller proportion of income as the taxpayer’s income rises, for example, a fixed-rate vehicle tax that eats up a much larger slice of a poor person’s income than a rich person’s income. This goes against the principle of vertical equity, which many people think should be at the heart of any fair tax system.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
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