UNIT-VWhat is progressive taxation?b) Write any four merits and any fo

1.	UNIT-VWhat is progressive taxation?b) Write any four merits and any fourdemerits of progressive taxation 4+4-8What is public debt?Explain the role of public debt in thecontext of economic development
Answer» ANSWER: Explanation: A PROGRESSIVE TAX is imposed to raise the tax rate effectively more than the rate at which it was applied. It is characterised by a more than proportional RISE in the tax burden relative to the increase in INCOME

UNIT-VWhat is progressive taxation?b) Write any four merits and any fourdemerits of progressive taxation 4+4-8What is public debt?Explain the role of public debt in thecontext of economic development

Answer»

Explanation:

A PROGRESSIVE TAX is imposed to raise the tax rate effectively more than the rate at which it was applied. It is characterised by a more than proportional RISE in the tax burden relative to the increase in INCOME

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UNIT-VWhat is progressive taxation?b) Write any four merits and any fourdemerits of progressive taxation 4+4-8What is public debt?Explain the role of public debt in thecontext of economic development​

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UNIT-VWhat is progressive taxation?b) Write any four merits and any fourdemerits of progressive taxation 4+4-8What is public debt?Explain the role of public debt in thecontext of economic development