Question

Taxation is anti-inflationary if tax is imposed on

Answer 1

Answer: A tax on personal income

Explanation:

Answer 2

Answer:

A tax on personal income reduces inflationary pressures by reducing people's disposable income. ... Moreover, a major portion of the tax may be absorbed from savings and thus it may give no direct incentive to curtail spending. Thus, its anti-inflationary effect will be less per rupee than that of a tax on spending

Explanation:

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