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प्रश्न
Which of these taxes is most likely to be progressive?
विकल्प
Entertainment tax
Goods and services tax
Property tax
Custom duty
उत्तर
Property tax
Explanation:
- Property tax is expected to be progressive. Progressive taxes are those in which the tax rate rises as the taxable amount increases.
- Property taxes are frequently called progressive because they are typically dependent on the value of the property held.
- Individuals with more valued properties (which frequently signify greater income) pay higher taxes, making it progressive in nature.
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संबंधित प्रश्न
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 |
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.
Name any two instruments of Fiscal Policy.
An indirect tax is not always equitable. Give two reasons to support your answer.
Give two reasons why the government imposes tax?
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Draw a neat labelled diagram for progressive taxation.
How does the state fulfil the following socio-economic objective?
Environmental protection.
State the four merits of a direct tax.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
