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Consider the following statements regarding the differences between Proportional and Progressive taxation: In progressive taxation, tax rate increases with an increase in the income whereas, in proportional taxation same percentage of tax is levied on all taxpayers. As compared to progressive taxation, proportional taxation makes disposable income less sensitive to fluctuations in GDP. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the differences between Proportional and Progressive taxation: In progressive taxation, tax rate increases with an increase in the income whereas, in proportional taxation same percentage of tax is levied on all taxpayers. As compared to progressive taxation, proportional taxation makes disposable income less sensitive to fluctuations in GDP. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the differences between Proportional and Progressive taxation: In progressive taxation, tax rate increases with an increase in the income whereas, in proportional taxation same percentage of tax is levied on all taxpayers. As compared to progressive taxation, proportional taxation makes disposable income less sensitive to fluctuations in GDP. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

Solutions for Consider the following statements regarding the differences between Proportional and Progressive taxation: In progressive taxation, tax rate increases with an increase in the income whereas, in proportional taxation same percentage of tax is levied on all taxpayers. As compared to progressive taxation, proportional taxation makes disposable income less sensitive to fluctuations in GDP. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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