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प्रश्न
Which of these taxes is most likely to be progressive?
पर्याय
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
The essential feature of a tax.
______ are those taxes which are paid by the same person on whom they have been imposed.
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
State two objectives of fiscal policy.
Citing reason state the advantage of a direct tax over an indirect tax.
What is meant by shifting of tax burden?
Briefly explain why direct taxes foster civic consciousness among people.
Give two reasons why the government imposes tax?
Draw a neat labelled diagram for progressive taxation.
Explain briefly two merits of indirect tax.
