The following table indicates: Tax Base in ₹ Rate of tax in % 10,000 8 20,000 8 30,000 8 40,000 8

Question

KollegeApply · Accepted Answer

Proportional taxation Explanation: 1. The table shows a proportional tax system. In this system, the tax rate stays at 8% regardless how large the tax base is (₹ 10,000, ₹ 20,000, ₹ 30,000, or ₹ 40,000). 2. In a balanced tax system, everyone pays the same amount of their income, no matter how much they make. In other words, the tax rate stays the same regardless of how much cash is made or how much tax is collected.

AChoose Your Answer