What is the best definition of a progressive tax system
Asked by admin @ in Mathematics viewed by 320 People
What is the defining feature of a progressive tax?
Asked by admin @ in Mathematics viewed by 320 People
What is the defining feature of a progressive tax?
Answered by admin @
Answer:
The progressive tax system is one where the average tax rate increases as the taxable income of a person increases.
This means that the more one earns, the more he has to pay in taxes.The rich people have more tax burden as compared to the poor people.
This tax deduction is based on the taxpayer's ability to pay.
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