Economics · Taxation and Fiscal Policy
Consider the following statements: I. Under proportional taxation, every taxpayer pays the same absolute amount of tax irrespective of income. II. A regressive tax structure is one in which the average rate of taxation falls as the tax base rises. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II
- 2Both I and II
- 3II only✓
- 4I only
Correct answer
II only
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