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प्रश्न
Citing reasons state the superiority of Progressive tax over regressive tax.
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उत्तर
Progressive tax is better than regressive tax because under a progressive tax system high income earners pay more than low income earners. And under regressive taxation the tax rate deceases as the income levels increases. High tax is collected, from low income earners and low from high income groups.
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संबंधित प्रश्न
______ is an example of commercial revenues.
Which of the following is an advantage of direct taxes?
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
Citing reason state the advantage of a direct tax over an indirect tax.
Briefly explain why direct taxes foster civic consciousness among people.
Define a tax.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Differentiate between progressive and regressive taxes giving an example for each.
Define the following term:
Fiscal deficit
