Advertisements
Advertisements
प्रश्न
Which of these taxes is most likely to be progressive?
पर्याय
Entertainment tax
Goods and services tax
Property tax
Custom duty
MCQ
Advertisements
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.
shaalaa.com
Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
The government imposes tax ______.
Instrument of monetary policy is:
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Taxes imposed on income and wealth | A. | Regressive |
| (ii) | Taxes imposed on goods and services | B. | Progressive |
| (iii) | A tax system where the rate of tax decreases with increase income | C. | Direct taxes |
| (iv) | A tax system where the rate of tax increases as income increase | D. | Indirect taxes |
Define direct tax
Citing reason state the advantage of a progressive tax over proportional tax.
Explain the term proportional taxation.
Give two examples of direct taxes.
Explain the state's role in achieving the objective of social justice in less developed countries.
Define the following term:
Fiscal deficit
Citing reasons state the superiority of Progressive tax over regressive tax.
