ECONOMICS
FISCAL POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Higher Income = Higher Taxes
|
|
Regressive
|
|
|
Progressive
|
|
|
Proportional
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -Definition: Progressive tax is the taxing mechanism in which the taxing authority charges more taxes as the income of the taxpayer increases. A higher tax is collected from the taxpayers who earn more and lower taxes from taxpayers earning less. The government uses a progressive tax mechanism.
There is 1 question to complete.