Advertisements
Advertisements
प्रश्न
Citing reasons state the superiority of Progressive tax over regressive tax.
Advertisements
उत्तर
Progressive tax is better than regressive tax because under a progressive tax system high income earners pay more than low income earners. And under regressive taxation the tax rate deceases as the income levels increases. High tax is collected, from low income earners and low from high income groups.
APPEARS IN
संबंधित प्रश्न
______ is an example of commercial revenues.
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Monetary policy means regulation of money supply by the monetary authority.
Identify the tax which is most likely to faster civic conciousness.
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 |
Name any two instruments of Fiscal Policy.
Differentiate between direct and indirect taxes.
State the four merits of a direct tax.
Three demerits of an Indirect tax.
Explain the following with examples:
Progressive tax
