Question

    Which among the following is a Progressive Tax?

    A Customs Duty Correct Answer Incorrect Answer
    B Development Surcharge Correct Answer Incorrect Answer
    C Sales Tax Correct Answer Incorrect Answer
    D Income Tax Correct Answer Incorrect Answer

    Solution

    Income tax is a progressive tax, meaning that the tax rate increases as a person's income increases. In a progressive tax system, individuals with higher incomes are subject to higher tax rates, which is designed to distribute the tax burden more equitably based on one's ability to pay.

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