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प्रश्न
Which of these taxes is most likely to be progressive?
विकल्प
Entertainment tax
Goods and services tax
Property tax
Custom duty
MCQ
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उत्तर
Property tax
Explanation:
- Property tax is expected to be progressive. Progressive taxes are those in which the tax rate rises as the taxable amount increases.
- Property taxes are frequently called progressive because they are typically dependent on the value of the property held.
- Individuals with more valued properties (which frequently signify greater income) pay higher taxes, making it progressive in nature.
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संबंधित प्रश्न
Wealth tax is an example of:
Which of the statement is true for income tax?
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 |
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
State two objectives of fiscal policy.
State the difference between income tax and expenditure tax.
An indirect tax is not always equitable. Give two reasons to support your answer.
Classify the following type of tax into direct and indirect taxes:
Income tax
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Explain the following with examples:
Progressive tax
