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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
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
The major objective of monetary policy is ______.
Citing reason state the advantage of a progressive tax over proportional tax.
Classify the following type of tax into direct and indirect taxes:
Sales tax
State two drawbacks of direct taxes.
State two differences between income tax and commodity tax.
Explain the significance of taxes.
Give two examples of direct taxes.
Explain briefly two merits of indirect tax.
