explain types of the tax
Answers
Hᴇʟʟᴏ❤️
Pʀᴏɢʀᴇssɪᴠᴇ Tᴀx :-
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 marginal tax rate.
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Pʀᴏᴘᴏʀᴛɪᴏɴᴀʟ Tᴀx :-
A proportional tax is a tax imposed so that the tax rate is fixed, with no change as the taxable base amount increases or decreases. The amount of the tax is in proportion to the amount subject to taxation.
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Rᴇɢʀᴇssɪᴠᴇ Tᴀx :-
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, so that the average tax rate exceeds the marginal tax rate.
Tʜᴀɴᴋ Yᴏᴜ
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