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Explain the Progressive,Proportional and Regressive Taxes?

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Question ajoutée par Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre
Date de publication: 2016/03/22
Liliia Musina
par Liliia Musina , Marketing executive , The Gulf Environment & Waste FZE

Progressive tax - tax whose rate increases with an increase in magnitude of taxable income. For example: income tax

Proportional tax - tax rates are set at a uniform percentage of the income of the taxpayer, regardless of income. For example: tax on profit

Regressive tax - tax rate reduction increases the inome of the taxpayer. For example: value added tax

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