Which of the following is NOT a type of tax based on the impact on income distribution?
A. Regressive tax
B. Ad valorem tax as a distribution classification
C. Proportional tax
D. Progressive tax
Answer: Option B
Solution (By JKSSB Mock Tests)
Ad valorem is a classification based on the method of assessment (percentage of value). Based on impact on distribution, taxes are progressive, proportional or regressive.
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