Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

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

user-image
Question added by Khalid Noor , Accounting Manager , FedEx
Date Posted: 2013/11/08
Nitin Gupta, ACA
by 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.

More Questions Like This