Question

Identify the type of taxation shown in the figure below.

पर्याय

• Progressive taxation

• Regressive taxation

• Proportional taxation

• Degressive taxation

Answer 1

Progressive taxation

Explanation:

When the rate of taxation rises, it is referred to as progressive taxation. As taxpayers' income rises, so does the amount of money they pay in taxes. With this tax structure, the tax rate rises in tandem with the increase in income.