A progressive tax is the one in which: [1]
A. The rate of tax decreases with the increase in income
B. No change in the tax with the change in Income
C. The rate of tax increases with the increase in income
D. None of these
Answer:C
A progressive tax is the one in which: [1]
A. The rate of tax decreases with the increase in income B. No change in the tax with the change in Income C. The rate of tax increases with the increase in income D. None of these