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Define regressive tax. - Economics

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प्रश्न

Define regressive tax.

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उत्तर

A regressive tax is one in which the rate of taxation decreases as the taxpayer's income increases. A regressive tax takes a smaller percentage of people's income.

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अध्याय 16: Fiscal Policy - TEST YOURSELF QUESTIONS [पृष्ठ २३६]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 16 Fiscal Policy
TEST YOURSELF QUESTIONS | Q 2. c | पृष्ठ २३६
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