Tag: public revenue and taxation

Questions Related to public revenue and taxation

An income tax system is said to be progressive ________________.

social science tax and its importance taxation : need, principles and importance main feature of tax public revenue and taxation

  1. if the rate of increase of the tax liability for a tax paying unit is less than the rate of increase of its income

  2. if the rate of increase of the tax liability for the tax paying unit is greater than the rate of increase of its income

  3. if the rate of increase of the tax liability for tax paying unit is equal to the rate of increase of its income

  4. if the rate of increase of the tax bears a multiplicative relation with rate of increase in income of tax paying unit

Show answer
Correct Option: B