Question
Which among the following is a Progressive Tax?
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.
select the most appropriate option to substitute the bold segment in the given sentence. If there is no need to substitute it , select ‘ No Substituti...
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