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If the tax rate increases with the higher level of income it shall be called
  • a)
    Proportional tax
  • b)
    Progressive tax
  • c)
    Lumpsum tax
  • d)
    Regressive tax
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
If the tax rate increases with the higher level of income it shall be ...
There is a progress in income therefore it is progressive tax
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If the tax rate increases with the higher level of income it shall be calleda) Proportional tax b) Progressive tax c) Lumpsum tax d) Regressive tax Correct answer is option 'B'. Can you explain this answer?
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