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What is progressive taxation? is it true that the effect of progressive taxation is not passing on to the ultimate consumer?

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تم إضافة السؤال من قبل Khalid Noor , Accounting Manager , FedEx
تاريخ النشر: 2013/11/08
Nitin Gupta, ACA
من قبل Nitin Gupta, ACA , FP&A , Rockwell Automation

Basically, taxpayers are broken down into categories based on taxable income; the more one earns, the more taxes they will have to pay once they cross the benchmark cut-off points between the different tax bracket levels.

 

True, Direct taxes burden never falls on the ultimate consumer. Only indirect taxes burden passes on to the consumer.

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