A tax system where everyone pays the same percentage of their income in taxes, regardless of how much they earn, is a:
ARegressive tax system.
BProgressive tax system.
CProportional tax system.
DFlat tax system.
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
Why the Indirect taxes are termed regressive taxing mechanisms?
A tax where the tax rate increases as the taxable amount increases is known as a:
Consider the following statements.
1.Professional tax is levied by state government or local municipal bodies and is in addition to the income tax that the central government collects.
2.Article 276 of the constitution empowers the state to levy the tax in respect of profession, trade, calling and employment.
Which of the statement given above is / are correct ?
Deadweight loss in a tax system refers to:
സർക്കാർ ചില പ്രത്യേക ആവശ്യങ്ങൾക്കായി ചുമത്തുന്ന അധിക നികുതി ഏത്?