Advertisements
Advertisements
Question
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Options
Direct taxes
Indirect taxes
Progressive taxes
Proportional taxes
Advertisements
Solution
Taxes in which the rate of tax remains the same, though the tax bases changes are called Proportional taxes.
Explanation:
Proportional taxes are those in which the tax rate remains constant regardless of changes in the tax base. This means that everyone pays the same percentage of their income or wealth in taxes, regardless of how much they earn or own.
RELATED QUESTIONS
The government imposes tax ______.
The state can promote economic development by ______.
Wealth tax is an example of:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Differentiate between direct and indirect taxes.
Classify the following type of tax into direct and indirect taxes:
House tax
Give two reasons why the government imposes tax?
Which one is better progressive or regressive taxation and why?
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
How does the state fulfil the following socio-economic objective?
Environmental protection.
