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प्रश्न
Which of these taxes is most likely to be progressive?
पर्याय
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
Fiscal policy means public expenditure and tax policy of the government.
Identify the tax which is most likely to faster civic conciousness.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
State the difference between income tax and expenditure tax.
Citing reason state the advantage of a direct tax over an indirect tax.
Classify the following type of tax into direct and indirect taxes:
Sales tax
State two drawbacks of direct taxes.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
State the four merits of a direct tax.
Explain the term Impact of a tax.
