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Explain the following with examples: Progressive tax - Economic Applications

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Question

Explain the following with examples:

Progressive tax

Answer in Brief
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Solution

  1. A tax is said to be progressive when the rate of tax increases as the taxpayer's income increases.
  2. Examples of progressive tax are income tax, and estate tax.
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Role of State in Economic Development
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Chapter 6: The State and Economic Development - QUESTIONS [Page 168]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 6 The State and Economic Development
QUESTIONS | Q 12. (ii) | Page 168
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