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Questions
What is meant by regressive taxation?
What are regressive taxation?
Explain the following with examples:
Regressive tax
What is Regressive tax? Give an example.
Solution
- Regressive tax is opposite to progressive tax. A tax will be regressive when the rate of tax decreases as the tax base increases. Thus, it is directly opposite of progressive tax.
- The chief examples of regressive taxes are on these goods whose consumption society wishes to discourage such as tobacco, alcohol.
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