Question

tax rates on higher income group have been increased. which economic value does it reflect ? Explain ​

Answer 1

Answer:

The economic value that is reflected in the rise in the tax rate for higher income group is 'Equality and Social Welfare

Answer 2

Explanation:

This will reduce the inequalities of income as the difference between disposable incomes of higher income and lower income groups will fall. This will also provide more resource to the government for spending on welfare of the poor.

hope it helps you

mark as brainlest answer