degressive tax Synonyms

No Synonyms and anytonyms found

degressive tax Meaning

Wordnet

degressive tax (n)

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

degressive tax Sentence Examples

1. A degressive tax system imposes lower tax rates on higher incomes, resulting in a proportional decrease in the overall tax burden.
2. Some argue that a degressive tax structure may disproportionately benefit high-income earners, exacerbating income inequality.
3. The government implemented a degressive tax policy to stimulate economic growth by incentivizing investment and entrepreneurship.
4. Under a degressive tax regime, individuals with lower incomes pay a higher percentage of their income in taxes compared to those with higher incomes.
5. The proposal to introduce a degressive tax on luxury goods faced opposition from affluent consumers but garnered support from advocates of social justice.
6. Advocates of a degressive tax system argue that it encourages wealth accumulation and fosters economic prosperity by rewarding success.
7. A degressive tax model may be particularly advantageous for small businesses and startups, allowing them to retain more of their profits for reinvestment and expansion.
8. The degressive tax structure aims to strike a balance between equitable taxation and economic efficiency, providing incentives for productivity and innovation.
9. Opponents of degressive taxation criticize it for perpetuating income disparities and widening the gap between the rich and the poor.
10. The government commissioned a study to evaluate the potential impact of transitioning from a progressive to a degressive tax system on income distribution and economic growth.

FAQs About the word degressive tax

What is the meaning of the word degressive tax

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

What are the synonyms of the word degressive tax

No synonyms found.

What are the antonyms of the word degressive tax

No antonyms found.

What is the usage of word degressive tax

A degressive tax system imposes lower tax rates on higher incomes, resulting in a proportional decrease in the overall tax burden.

Some argue that a degressive tax structure may disproportionately benefit high-income earners, exacerbating income inequality.

How to use the word degressive tax in a sentence?

The government implemented a degressive tax policy to stimulate economic growth by incentivizing investment and entrepreneurship.

Under a degressive tax regime, individuals with lower incomes pay a higher percentage of their income in taxes compared to those with higher incomes.