Question

Progressive taxation is suitable for Indian economy. Give reason​

Answer 1

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Under this system, the tax liability increases not only in absolute terms, but the proportion of income tax also increases. Rich people pay a higher average income tax than the poor people. Hence, it reduces the income inequalities among the rich and poor groups of people.

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Answer 2

Answer:

Under this system, the tax liability increases not only in absolute terms, but the proportion of income tax also increases. Rich people pay a higher average income tax than the poor people. Hence, it reduces the income inequalities among the rich and poor groups of people.

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