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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
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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
The essential feature of a tax.
______ is an example of commercial revenues.
______ are those taxes which are paid by the same person on whom they have been imposed.
The state can promote economic development by ______.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Define fiscal policy.
Classify the following type of tax into direct and indirect taxes:
House tax
State two drawbacks of direct taxes.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
