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Questions
What are progressive taxes.
What are progressive taxation?
Define progressive taxation.
What is meant by progressive tax?
Solution 1
A tax is said to be progressive when the rate of tax increases as the taxpayer's income increases.
Solution 2
A tax, the rate of which increases with an increase in income and decreases with a fall in income, is called a progressive tax. Direct taxes are progressive in nature. Rich people are subjected to higher rates of taxes, while the poor are exempt from taxes.
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