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Regressive Taxes - How Does It Work?

Here's how it works:
Let's say the tax is $800 dollars per year. Under this Regressive Tax system, that's $800 for everyone, regardless of their income.

If you have a part-time job and earn $2,600 per year, an $800 tax bill means you're paying about 30% of your income in taxes.

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If you earn $8,000 a year working at the local movie theater, you get to watch all the latest flicks, but you're not going to be buying a yacht or retiring anytime soon. $800 in taxes means you're paying 10% of your income in taxes.
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If your cousin with the business degree earns $80,000 a year at some big company in town, $800 translates to just 1% of her income.

Regressive Taxes take a larger percentage of income from low-income groups than from high-income groups.

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Note: For more information and resources on this subject, go to the U.S. Tax Center.
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