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प्रश्न
Which one is better progressive or regressive taxation and why?
थोडक्यात उत्तर
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उत्तर
- Progressive taxation is typically thought to be more effective in achieving social equity and fairness. This is because progressive taxes impose a greater burden on those with the financial means to contribute more, decreasing the gap between the rich and the poor. Progressive taxation is considered more equitable.
- In contrast, regressive taxes can worsen income inequality by imposing a disproportionately heavy cost on those who are already struggling financially. This can result in social and economic imbalances, making it a less desirable alternative for promoting fairness and equity in society.
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संबंधित प्रश्न
The essential feature of a tax.
Which of the following is an advantage of direct taxes?
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 |
Which of these taxes is most likely to be progressive?
Define Indirect tax
An indirect tax is not always equitable. Give two reasons to support your answer.
What are progressive taxes.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Explain the term Impact of a tax.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
