taxation is a means to redistributed income among various classes. A redistributed of income tax can be best brought through a) progressive taxtoin combined with progressive expenditure b) processive taxation combined with regressive expenditure c) Regressive taxtoin combined with Regressive expenditure d) regressive taxation combined with progressive expenditure
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progressive taxtoin combined with progressive expenditure
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(b) processive taxation combined with regressive expenditure
1. Taxation is a means to redistribute income among various classes. A redistribution of income tax can be best brought through processive taxation combined with regressive expenditure
2. Progressive tax means a kind of taxation method where the tax burden on an average keeps on increasing with an increase in income.
3. Regressive means the distribution of income and expenditure amongst people so that the average rate of tax exceeds the decided marginal rate.
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