Question

State two limitations of Progressive tax.

Answer 1

Explanation:

A progressive tax is a tax in which the average tax rate increases as the taxable amount increases.

A progressive tax is a tax in which the average 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.