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20 February, 08:15

What is progressive tax policy and who does the greatest burden fall on?

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  1. 20 February, 12:04
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    The progressive tax policy is a tax in which the tax rate increases as the taxable base amount increases. The average tax rate is lower than the marginal tax rate. The burden fall on to the people with the higher ability-to-pay since the taxes shift the incidence increasingly to them in order to reduce the tax incidence of people with a lower ability-to-pay
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