In which of the following kind of taxes, the tax rate increases as income increases:
a. Proportional Tax
b. Progressive Tax
c. Regressive Tax
d. Highly Progressive Tax
1
a and b
2
b and c
3
c and d
4
b and d
In which of the following kind of taxes, the tax rate increases as income increases:
a. Proportional Tax
b. Progressive Tax
c. Regressive Tax
d. Highly Progressive Tax