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Question
Regressive tax is that which is ______.
Options
Charged at an increasing rate when income of the individual increases
Charged at a decreasing rate when income of the individual increases
Relatively a low percentage of an individual’s income
A fixed percentage of an individual’s income
MCQ
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Solution
Regressive tax is that which is Charged at a decreasing rate when income of the individual increases.
shaalaa.com
Measures of Government Deficit Or Surpluses
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