state gov BPSC Assistant Revenue & Accounts Officer Test Series 2025 General Knowledge Economy Money and Banking
Consider the following statements regarding the ‘Progressive taxation’:
1. Progressive taxation method has increasing rates of tax for increasing value or volume on which the tax is being imposed.
2. Progressive taxation method has increasing rates of tax for decreasing value or volume on which the tax is being imposed.
3. The idea of Progressive taxation is less tax on the people who earn less and higher tax on the people who earn more.
Which of the above statement(s) is/are correct?1
1 only
2
1 and 2 only
3
1 and 3 only
4
All of the above