The opposite of a regressive tax is a progressive tax. A progressive tax is a tax system in which the tax rate increases as the taxable amount increases. The goal of a progressive tax system is to include higher-income earners to pay a higher percentage of their income in taxes than lower-income earners. This approach is often designed to reduce income inequality by redistributing wealth from the wealthy to the less affluent. A progressive tax minimizes the tax burden on lower and middle-income earners while imposing a more substantial tax obligation on the wealthy. Progressive taxes are used in many countries globally, and they are often supported by social justice advocates.

What are the antonyms for Regressive tax?

• Other relevant words:

• clear
,
• exonerate
,
• rebate
.

Jaundice Obstructive Intrahepatic is a condition where there is a blockage in the bile ducts, leading to the buildup of bilirubin in the blood and yellowing of the skin and eyes. T...