What is a tax? Explain two merits and two demerits of progressive tax structure.
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tax is a financial charge imposed upon a taxpayer by a state or a functional equivalent. the two merits of progressive tax are-it is reasonable,and it is fruitful.
the two demerits of progressive taxing are-it hurts the taxpaying individuals very much, if the rates of taxation are high, it will dispirit savings
the two demerits of progressive taxing are-it hurts the taxpaying individuals very much, if the rates of taxation are high, it will dispirit savings
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TAX IS A SUM OF MONEY IMPOSED ON A PERSON ON HIS INCOME,PROPERTY,SALES AND ACTIVITY. THE PURPOSE OF TAXATION IS GOVERNMENT EXPENDITURE.
SOME MERITS ARE..
FINANCIAL DEVELOPMENT OF GOVERNMENT
DEVELOPMENT OF THE COUNTRY
SOME MERITS ARE,
ITS DESPRITS SAVINGS
PERSON FELLS TOUGH TO PAY IT
SOME MERITS ARE..
FINANCIAL DEVELOPMENT OF GOVERNMENT
DEVELOPMENT OF THE COUNTRY
SOME MERITS ARE,
ITS DESPRITS SAVINGS
PERSON FELLS TOUGH TO PAY IT
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