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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
Isn't r wrong as the given definition is for proportional tax ?
(4) Elasticity of demand and supply 41. Assertion (A) : A progressive income tax is also known as built-in stabilizer. 45 Reason (R): As economy expands, and income rises, taxes also rise in the same proportion. Answer from the codes below Codes: 6 1) Both (A) and (R) are true and (R) is the correct explanation of (A). (2) Both (A) and (R) are true, but (R) is not the correct explanation of (A). 8 A) is true, but (R) is false. 4) (A) is false, but (R) is true. 42. Assertion (A) : Rising Public debt is a nment and
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Aabha mishra 1
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In the above question the reason which is given is correct because progressive tax can be defined as the tax in which tax rate increases or decreases with the increase or decrease in income i.e higher tax are charged from people with higher income group and lower tax with people with lower income group where as proportional tax can be defined as a tax imposed so that the tax rate is fixed, with no change as the taxable base amount increases or decreases. don't get confused with the word proportion I hope it is clear
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Ravindra nath mahto![best-answer]()
Anuskha, Look at the solution once.