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Question
If the rate of tax falls with an increase in income, it is called as ______.
Options
Regressive
Progressive
Digressive
Proportional
MCQ
Fill in the Blanks
Solution
If the rate of tax falls with an increase in income, it is called as Regressive.
Explanation:
A regressive tax is one in which the tax rate drops as the income of the taxpayer rises.
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Other Kinds of Taxes - Concept for Regressive Tax
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