Economics · Taxation
How does an income tax slab system ensure a fair and progressive taxation structure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1By imposing taxes exclusively on the lower-income segments of the workforce
- 2By completely exempting high-income earners from any compliance burdens
- 3By increasing the marginal tax rates sequentially as the income bracket increases✓
- 4By applying a fixed uniform tax rate across all absolute income levels
Correct answer
By increasing the marginal tax rates sequentially as the income bracket increases
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