"why? 1% is 1%, same for everyone..."1% of $10 "costs" more to...

  1. 36,517 Posts.
    lightbulb Created with Sketch. 1

    "why? 1% is 1%, same for everyone..."

    1% of $10 "costs" more to those who have less money than 1% of $1,000.

    This is what is meant by the tax being regressive.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.