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प्रश्न
Explain the following with examples:
Progressive tax
संक्षेप में उत्तर
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उत्तर
- A tax is said to be progressive when the rate of tax increases as the taxpayer's income increases.
- Examples of progressive tax are income tax, and estate tax.
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Role of State in Economic Development
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 6: The State and Economic Development - QUESTIONS [पृष्ठ १८५]
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संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
The government imposes tax ______.
Under ______ the rate of tax increases with rise in tax payer's income.
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
State two objectives of fiscal policy.
Differentiate between direct and indirect taxes.
To which tax is this shifting of tax burden relevant?
Give an example of Indirect tax.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
