Business Studies, asked by lokesh5458, 10 months ago

Difference between progressive regressive and proportional tax with examples

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Answered by Anonymous
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Explanation:

progressive tax—A tax that takes a larger percentage of income from high-income groups than from low-income groups. proportional tax—A tax that takes the same percentage of income from all income groups. regressive tax—A tax that takes a larger percentage of income from low-income groups than from high-income groups.

Answered by Anonymous
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