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Topic: Regressive tax


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Tax

In the News (Sun 21 Apr 19)

  
  Tax - Wikipedia, the free encyclopedia
A tax (also known as a "duty", or Zakat in Islamic economics) is a charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (e.g., tribes, secessionist movements or revolutionary movements).
An important feature of tax systems is whether they are proportional tax (the tax as a percentage of income is constant over all income levels), progressive tax (the tax as a percentage of income rises as income rises), or regressive tax (the tax as a percentage of income falls as income rises).
A carbon tax is a tax on the consumption of carbon-based non-renewable fuels, such as petrol, diesel-fuel, jet fuels and natural gas.
en.wikipedia.org /wiki/Tax   (5892 words)

  
 Regressive tax   (Site not responding. Last check: 2007-10-21)
A regressive tax is a tax which takes a larger percentage of income from people whose income is low.
Regressive taxes, as opposed to progressive tax es, are more burdensome on lower-income individuals and organizations that on higher-income individuals.
Supply-side economics advocated regressive taxes as a means to solve the problem of stagflation.
www.serebella.com /encyclopedia/article-Regressive_tax.html   (330 words)

  
 Regressive tax - Wikipedia, the free encyclopedia
Regressive taxes, as opposed to progressive taxes, are more burdensome on lower-income individuals than on higher-income individuals and corporations.
The regressivity of a particular tax often depends on the propensity of the tax payers to engage in the taxed activity relative to their income.
Since the income elasticity of demand of housing is usually less than 1 and property taxes contribute to the cost of owning or renting housing, it often takes up a higher percentage of the budget of a person or family with a lower income.
en.wikipedia.org /wiki/Regressive_tax   (941 words)

  
 Are State Taxes Becoming More Regressive? - Rev. 10/29/97
Regressive taxes not only burden families that can least afford to pay these taxes, but also can hamper other policies states are pursuing to make families self-sufficient and less dependent on state assistance such as welfare.
While taxes paid by lower-income taxpayers were rising throughout the 1980s, the personal income tax rates paid by the highest-income taxpayers rose only during the recession of the early 1980s and then returned to pre-recession levels — or lower — by the end of the decade.
Regressive tax systems pose particular problems for state and local governments as they grapple with their new responsibilities for maintaining the safety net for low-income families.
www.cbpp.org /930sttax.htm   (8212 words)

  
 Regressive tax - Tax Terms   (Site not responding. Last check: 2007-10-21)
A tax that imposes a heavier burden on those less able to bear it.
Applied to income, it is a tax that takes a greater percentage of income from people with low incomes than from those with high incomes.
A tax that takes a larger percentage of the income of low-income people than of high-income people.
www.encyclopedia-wiki.org /encyclopedias/taxes/Regressive-tax.html   (56 words)

  
 Issue Brief: The Most Regressive Tax in Nevada
A tax on sales is inherently regressive, since its rate remains the same for all, regardless of income.
The sales tax totals 6.5 percent in 10 of Nevada’s counties, but in Clark and Washoe Counties—where the vast majority of Nevadans live—the rate is 7 percent (7.25 percent when the quarter-cent increases go into effect).
The sales tax is the most regressive tax in Nevada, and no attempts to raise it yet again should overlook the effect doing so would have on households with modest incomes.
www.npri.org /issues/issues98/i_b111898.htm   (1015 words)

  
 IRS Glossary   (Site not responding. Last check: 2007-10-21)
Taxes on property, especially real estate, but also can be on boats, automobiles (often paid along with license fees), recreational vehicles, and business inventories.
For the tax credit for child and dependent care expenses, a qualifying person is a child, dependent, or spouse who meets specific requirements.
The process that occurs when a tax that has been levied on one person or group is in fact paid by others.
www.irs.gov /app/understandingTaxes/jsp/tools_glossary.jsp   (2875 words)

  
 Facts about Taxes
A progressive tax is a tax based on the "ability to pay." In a progressive tax structure, the rate of taxation increases as one's income and wealth increase.
For example, in a progressive tax system, a family with $200,000 in income might pay 25% of their income in taxes while a family with $50,000 in income might pay 20% of their income in taxes.
A regressive tax is the opposite of a progressive tax.
www.osjspm.org /101_taxes.htm   (1287 words)

  
 Regressive, Progressive taxes/taxation explained.
And because most people are not involved in calculating their regressive taxes, it is fairly poorly understood.
The reason was, this was a major tax bite on a six-pack of beer, and almost nothing on a $150 bottle of champagne, or a $60 bottle of scotch or wine.
Groceries, drugs and some necessities are rarely taxed for moral reasons because of a compounding problem found with the truly poor that has to do with disposable income.
www.psnw.com /~bashford/taxation.html   (1586 words)

  
 Forum: ... or a regressive tax swap?   (Site not responding. Last check: 2007-10-21)
Unlike local property taxes rates, usually higher in poor districts when schools are funded locally, a state property tax would have an equalized rate.
In conjunction with a broader sales tax, state income and property taxes could raise revenues in a way that is more fair and that does not fuel community decline.
The bottom line: Pennsylvania is within reach of manageable property taxes, stronger communities, adequately and equitably funded education, and overall taxes that remain affordable as well as fair.
www.post-gazette.com /pg/04074/285058.stm   (896 words)

  
 Definition of Regressive tax
Many taxes not based on income will appear to be regressive in an income sense, including property, wealth and expenditure taxes, since people with high levels of assets and expenditure will pay such taxes even if they have minimal incomes.
However some such individuals may have a greater ability to pay while maintaining a high standard of living than others with higher but still moderate incomes and lower levels of assets or expenditure.
A poll tax is a fixed tax for each person: since each person pays the same amount, it is a lower proportion for people with higher incomes.
www.wordiq.com /definition/Regressive_tax   (575 words)

  
 Regressive tax - Wikipedia, the free encyclopedia   (Site not responding. Last check: 2007-10-21)
Even non-income taxes can be regressive relative to income.
Some payroll taxes, such as the Social Security payroll tax in the US.
Thus, property taxation is more often progressive in practice.
www.sciencedaily.com /encyclopedia/regressive_tax   (941 words)

  
 Teacher Lesson Plan
A regressive tax may seem to be an equitable form of taxation because everyone, regardless of income level, pays the same fixed amount.
Designed to fund a public service, user fees are a type of excise tax that comes in the form of a license or supplemental charge.
This method of taxation can be considered regressive because, even though the fee or charge is the same for all income groups, a larger portion of income is taken from those with lower incomes than from those with higher incomes.
www.irs.gov /app/understandingTaxes/jsp/whys/lp/IWT3L2lp.jsp   (840 words)

  
 regressive tax
Abusive tax shelter A limited partnership that the IRS judges to be claiming tax deductions illegally.
An exception might occur when an issuer's tax rate is high, and the issuer could replace it with debt securities at a lower after-tax cost.
An important feature of tax systems is whether they are flat (the percentage does not depend on the base, hence the tax is proportional to how much you have), regressive (the...
www.idrassociate.org /8hq6lco1.html   (512 words)

  
 VAT: A regressive tax?
he most commonly asked question about the distributional effect of the value-added tax is whether it is a regressive tax.
When this ratio is proportionate, it is called a proportionate tax and when this ratio decreases it is called a regressive tax.
Indirect taxes generally are regressive as they continue to impinge on the lives of many poor people in limited but potentially important ways (Richard M. Bird, A New Look at Indirect Taxation in Developing Countries, World Development, Vol.15 No.9, p.1158, 1987).
www.rediff.com /money/2005/mar/21vat2.htm   (650 words)

  
 Opinion: Worse than Alabama
Florida politicians should be embarrassed by a tax system that is even more unfair than the one Alabama's governor is determined to reform.
Florida taxes its poorest people nearly five times as hard as the very wealthiest (those whose incomes average $946,000) and more than twice as hard as the upper middle class.
The tax on services was repealed before it went into effect because of intense opposition from the advertising industry (including most of the news media), real estate brokers and other service-sector lobbies.
www.sptimes.com /2003/06/16/Opinion/Worse_than_Alabama.shtml   (704 words)

  
 The Unofficial Paul Krugman Web Page
Then he promotes the regressive Bush tax cut in 2001 since he thinks those surpluses are too large.
The payroll tax is regressive: it falls much more heavily on middle- and lower-income families than it does on the rich.
Then he used that surplus to argue for tax cuts that deliver very little relief to most people, but are worth a lot to those making more than $300,000 a year.
www.pkarchive.org /column/030204.html   (760 words)

  
 The Lottery Tax - Mises Institute
The state lottery is a tax, which is to say it is forced wealth redistribution.
If all three states adopt the lottery tax, revenues and profits will fall in Georgia at a time when more Georgians will be sick and tired of the lottery tax.
Lottery taxes are also known to be the most unstable source of government revenues so if the Georgia economy were to go into recession at the same time, gloat could turn into goat; the house could come tumbling down.
www.mises.org /fullarticle.asp?record=249&month=9   (1041 words)

  
 Payroll Tax is Regressive; Fair Tax is Progressive   (Site not responding. Last check: 2007-10-21)
Bill Hirsh's Article on the Fair Tax does his own disservice to the facts as he is very selective and superficial in his choice of data used to create a negative view of the Fair Tax and to support his contention that it is a Regressive tax.
Under the income tax and payroll tax system we currently have, they would be in a 15% income tax bracket and a 7.65% payroll tax bracket.
The current Income and payroll tax system leaves a truly regressive tax on the working poor with the 7.65% in payroll tax paid by the employee and a wage suppressor of 7.65% in payroll tax paid by the employer.
www.freerepublic.com /focus/f-news/1531194/posts   (5830 words)

  
 Tennesseans for Fair Taxation home page   (Site not responding. Last check: 2007-10-21)
Tennessee's average state and local food tax is the highest in the nation while only three states tax cigarettes at a lower rate than Tennessee.
TFT is pushing in the 2006 legislative session for passage of a revenue-neutral tax swap that will cut the state food tax in half and replace the lost revenue with an increase in the cigarette tax.
By creating a modern tax system that asks everyone to pay their fair share, progressive state tax reform will lower taxes for most Tennesseans while raising hundreds of millions to invest in key public services.
www.yourtax.org /index.php3   (567 words)

  
 (PRO-INCOME TAX) group TFT blasts Tennessee for regressive tax structure (sales tax)   (Site not responding. Last check: 2007-10-21)
"By taxing necessities like food and clothing, but not six-figure incomes, Tennessee is forcing low- and middle-income families to carry an unfair share of the state tax burden," said TFT Chair John Stewart in a prepared release.
But TFT believes the idea of tax reform is still alive, based on recent court rulings that could cost the state hundreds of millions of dollars.
Which means we'll have higher taxes and a continuation of the boom and bust.
www.freerepublic.com /focus/f-news/818627/posts   (1079 words)

  
 San Francisco Parking Tickets - Regressive Tax on Working Families
The tax is a regressive tax in that poor working families are the hardest hit.
Many of the people who are hardest hit are families with children where the parents need to have a family car in order to go to work and take their children to school and other activities.
It is a regressive tax on working families who are often barely managing to stay above poverty.
www.sfparkingtickets.com   (597 words)

  
 Is bribery a regressive tax?
The authors then go on to argue that "bribery is not a regressive tax" presumably because it is mostly the rich who have to pay.
Be that as it may, the authors say "given this, we think it is unlikely that any differential deterrence effect of bribery on use by the poor and non-poor would be large enough to make the tax regressive for the whole population.
The title of the article is a question, "Is bribery a regressive tax?" In many cases, "bribery" is a form of extortion.
www.rediff.com /money/2005/nov/05guest.htm?q=bp&file=.htm   (749 words)

  
 Poll Taxes - dKosopedia
A poll tax is an annual sum of money that must be paid to a government each year for every person who lives in a household in that government's jurisdiction.
This highly regressive tax is almost never used in the United States.
The U.S. Constitution does not ban poll taxes, but it does ban conditioning the right to vote on payment of poll taxes, which was used a a method to prevent fls from voting in the South prior to the passage of the 24th Amendment to the United States Constitution in 1964.
www.dkosopedia.com /index.php/Poll_Taxes   (244 words)

  
 SF Board of Supervisors Support Regressive Tax   (Site not responding. Last check: 2007-10-21)
This bill allows each county to tax cigarettes by up to 21 cents per pack, independent of state and federal excise taxes.
ABX2 55 is one of two regressive tobacco excise tax bills currently under consideration in the Assembly.
Revenue from that tax is earmarked to be used to bail out the bankrupt public health departments in the state.
www.forces.org /articles/pressrel/files/1-18-96.htm   (283 words)

  
 FairEconomy.org - Bush Tax Cuts = Tax Shifts
PROGRESSIVE TO REGRESSIVE — at the federal level, a 17% decline in the share of revenue from progressive taxes and a 135% increase in the share of revenue from regressive taxes since 1962
The report concludes that the total federal, state and local tax burden has become increasingly the responsibility of middle-and low-income families in recent decades, and that revenues being generated by taxes are not sufficient to pay for existing public services.
Concerned Americans are urged to pass resolutions in their cities and towns to stop the tax cuts and restore local services that have been affected, to call and write their congressional representatives to take action to stop the cuts, and to sign the Tax Fairness Pledge at www.ResponsibleWealth.org/taxpledge.
faireconomy.org /press/2004/ShiftyTaxCuts_pr.html   (686 words)

  
 regressive tax
FiscalReference.com search Tax Tax A tax is an involuntary fee paid by individuals or businesses to a...
FiscalReference.com search Sales tax Sales tax A sales tax is a tax on consumption.
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www.mcclproject.org /money/regressive+tax   (514 words)

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