Economy, asked by pragyabaid20801, 10 months ago

Advantages and disadvantages of regressive taxation

Answers

Answered by sakshi863
1

Disadvantages of Regressive Tax

Revenue might decrease if the consumption of goods is reduced by low-income people. Wealthier will continue to earn more and low-income groups will continue to earn less. Tax skimming will be encouraged as low-income people tend to hide the liquid cash.

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