Multiple Choice Questions on What will you call a system of taxation under which the poorer sections are taxed at higher rates th........... for General Studies (Level 1) Preparation

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Multiple Choice Questions

What will you call a system of taxation under which the poorer sections are taxed at higher rates th...........

Indian Economy (Easy) Budgeting and Fiscal policy
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    What will you call a system of taxation under which the poorer sections are taxed at higher rates than the richer sections?

    Progressive tax

    Incorrect Answer

    Proportional tax

    Incorrect Answer

    Regressive tax

    Correct Answer

    Degressive tax

    Incorrect Answer
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    Explanation:

    A regressive tax is a tax that takes a larger percentage of income from low-income earners (poorer section) than from high-income earners (richer section).

    By: MIRZA SADDAM HUSSAIN
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