Economics · Taxation Types
Which of the following statements correctly distinguish between progressive and proportional taxation? 1. In progressive taxation, the tax rate increases with an increase in income. 2. In proportional taxation, the tax rate remains constant irrespective of income. 3. Progressive taxation is regressive in nature. Select the correct answer using the codes given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 3 only
- 32 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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