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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
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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.
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Instruments of fiscal policy is:
Monetary policy means regulation of money supply by the monetary authority.
Which of the following taxes generate civic consciousness among people?
Briefly explain why direct taxes foster civic consciousness among people.
Explain how indirect taxes can be inflationary.
Three demerits of an Indirect tax.
Explain how indirect taxes can be made progressive.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
