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Consider the following statements about progressive taxation.
1. The idea here is less tax on the people who earn less and higher tax on the people who make more.
2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.
3. Being poor is punished while richness is rewarded.
Which of these statements is/are correct?
- a)1 and 2 Only
- b)2 and 3 Only
- c)1 and 3 Only
- d)All of them
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements about progressive taxation. 1. The ...
Progressive taxation is a tax system in which the tax rate increases as the income of the taxpayer increases. The goal of this system is to reduce the burden on low-income earners while increasing the burden on high-income earners. Let us analyze the given statements:
Statement 1: The idea here is less tax on the people who earn less and higher tax on the people who make more.
This statement is correct. In a progressive tax system, the tax rate is lower for people who earn less and higher for those who earn more. This is done to ensure that the tax burden is distributed fairly.
Statement 2: This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.
This statement is incorrect. Progressive taxation does not discourage people from making more money. It is a misconception that if the tax rate is higher, people will stop working or earning money. In fact, the tax revenue generated from progressive taxation is used to fund public services and infrastructure, which ultimately leads to economic growth and development.
Statement 3: Being poor is punished while richness is rewarded.
This statement is incorrect. Progressive taxation is designed to reduce the burden on low-income earners and increase it on high-income earners. It is not punishing the poor, but rather ensuring that those who earn more pay their fair share of taxes.
Conclusion:
Therefore, the correct answer is option 'A' as only statement 1 and 2 are correct. Progressive taxation is an essential tool for governments to ensure a fair distribution of wealth and to fund public services and infrastructure. It is not a punishment for the poor nor does it discourage people from earning more money.
Statement 1: The idea here is less tax on the people who earn less and higher tax on the people who make more.
This statement is correct. In a progressive tax system, the tax rate is lower for people who earn less and higher for those who earn more. This is done to ensure that the tax burden is distributed fairly.
Statement 2: This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.
This statement is incorrect. Progressive taxation does not discourage people from making more money. It is a misconception that if the tax rate is higher, people will stop working or earning money. In fact, the tax revenue generated from progressive taxation is used to fund public services and infrastructure, which ultimately leads to economic growth and development.
Statement 3: Being poor is punished while richness is rewarded.
This statement is incorrect. Progressive taxation is designed to reduce the burden on low-income earners and increase it on high-income earners. It is not punishing the poor, but rather ensuring that those who earn more pay their fair share of taxes.
Conclusion:
Therefore, the correct answer is option 'A' as only statement 1 and 2 are correct. Progressive taxation is an essential tool for governments to ensure a fair distribution of wealth and to fund public services and infrastructure. It is not a punishment for the poor nor does it discourage people from earning more money.
Community Answer
Consider the following statements about progressive taxation. 1. The ...
- The idea here is less tax on the people who earn less and higher tax on the people who earn more classifying income earners into different slabs.
- This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.
- Being poor is rewarded while richness is punished.
- Taxpayers also start evading tax by showing lower unreal income.
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Consider the following statements about progressive taxation. 1. The idea here is less tax on the people who earn less and higher tax on the people who make more.2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.3. Being poor is punished while richness is rewarded.Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. Can you explain this answer?
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Consider the following statements about progressive taxation. 1. The idea here is less tax on the people who earn less and higher tax on the people who make more.2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.3. Being poor is punished while richness is rewarded.Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. 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 about progressive taxation. 1. The idea here is less tax on the people who earn less and higher tax on the people who make more.2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.3. Being poor is punished while richness is rewarded.Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. 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 about progressive taxation. 1. The idea here is less tax on the people who earn less and higher tax on the people who make more.2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.3. Being poor is punished while richness is rewarded.Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. Can you explain this answer?.
Consider the following statements about progressive taxation. 1. The idea here is less tax on the people who earn less and higher tax on the people who make more.2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.3. Being poor is punished while richness is rewarded.Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. 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 about progressive taxation. 1. The idea here is less tax on the people who earn less and higher tax on the people who make more.2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.3. Being poor is punished while richness is rewarded.Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. 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 about progressive taxation. 1. The idea here is less tax on the people who earn less and higher tax on the people who make more.2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.3. Being poor is punished while richness is rewarded.Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements about progressive taxation. 1. The idea here is less tax on the people who earn less and higher tax on the people who make more.2. This method is believed to discourage more earnings by the individual to support low growth and development unintentionally.3. Being poor is punished while richness is rewarded.Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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