Advertisements
Advertisements
प्रश्न
Which one is better progressive or regressive taxation and why?
थोडक्यात उत्तर
Advertisements
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.
shaalaa.com
Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
The state can promote economic development by ______.
Which of the statement is true for income tax?
Differentiate between direct and indirect taxes.
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
What is meant by shifting of tax burden?
How does the state fulfil the following socio-economic objective?
Environmental protection.
State two differences between income tax and commodity tax.
State the four merits of a direct tax.
Explain the term Impact of a tax.
Citing reasons state the superiority of Progressive tax over regressive tax.
