JKSSB Mock Tests

If tax rate decreases with increase in taxable base, then this type of taxation is called:

A. regressive
B. increasing
C. progressive
D. degressive
Answer: Option A
Solution (By JKSSB Mock Tests Team)
A regressive tax structure is characterized by the tax rate decreasing as the taxable income increases, which places a disproportionately higher financial burden on lower-income earners.
This Question Belongs to: General knowledge mcqs Economics set 2

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