Regressive taxation refers to a tax system where the tax burden falls more heavily on those with lower incomes compared to those with higher incomes. This is in direct contrast to progressive and proportional taxation systems.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!