Economy, asked by 8050405333, 1 year ago

explain progressive taxation

Answers

Answered by Cavicchia
5
A progressive tax is a tax in which the tax rate increases as the taxable amount increases. The term "progressive" refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginaltax rate.
Answered by ashmingoel
1
Progressive tax is the tax in which tax base increases with the increase in tax rate.
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