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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
Instruments of fiscal policy is:
Monetary policy means regulation of money supply by the monetary authority.
The state can promote economic development by ______.
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Name any two instruments of Fiscal Policy.
Citing reason state the advantage of a progressive tax over proportional tax.
State the four merits of a direct tax.
Explain the following with examples:
Progressive tax
Explain briefly two merits of indirect tax.
