em042004 em042004
  • 13-07-2020
  • Social Studies
contestada

Which statement about progressive taxes is true?Which tax is an indirect tax?

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emailaarushisarkar
emailaarushisarkar emailaarushisarkar
  • 13-07-2020

Answer:

A progressive tax is a tax in which the tax rate increases as the taxable amount increases. The term "progressive" refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate.

Indirect taxes are excise tax, VAT, GST and service tax.

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Cruzado748 Cruzado748
  • 13-07-2020
The rate increases as income increases
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