a regressive tax
a progressive tax
a proportional tax
an indirect tax
a direct tax
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Discussions (22)
Progressive tax is a form of tax in which the rate of tax increases as the income,stock of wealth or value of property to be increases. In other words the tax rate increases as the income of the tax payer increases.
Yeah,it's progressive tax because progressive tax is being levied upon any individual according to his income regardless of whether it is lower or higher. 'that's my own definition'
Progressive tax is a situation where the rich pay many more of their income as tax than the poor or low income earners.
as a result of pay as u earn system progressive tax takes more from the income of the rich.
musbik u are wrong wat u just explained is proportional form of tax.d answer is progressive bcos it is a tax system wic state that an increase in income or wealth of a consumer will lead to an increase in tax charged....
it is self explanatory, bcos d word progress means u are making more money so Bcos of dat d govt will charge more, dat is u will pay high income tax bcos u are progressive in nature
U pay ur tax according to ur earnings, d high income earners pay more tax compare to the low income earners, daz y its progressive tax
Progressive tax is a tax that increases as income increases, so the higher the level of income, the higher the percentage of tax
the correct answer is progressive tax because high tax rate falls on the high income earners and vice versa
