Advantages of progressive tax, Managerial Economics

Advantages

a.           It is more equitable.  The broader shoulders are asked to carry the heavier burden.

b.          It satisfies the canon of productivity as it yields much more than it would under proportional taxation.

c.           It satisfies the canon of equity as it brings about an equality of sacrifice among the taxpayers.

d.          To some extent it reduces inequalities of wealth distribution.

Posted Date: 11/30/2012 3:15:14 AM | Location : United States







Related Discussions:- Advantages of progressive tax, Assignment Help, Ask Question on Advantages of progressive tax, Get Answer, Expert's Help, Advantages of progressive tax Discussions

Write discussion on Advantages of progressive tax
Your posts are moderated
Related Questions

Q. Explain about Managerial Economies? Large scale production makes possible the division of managerial functions. So there exists a production manager, a finance manager, asal

Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

DIGRESSIVE TAX A tax is called digressive when the higher incomes do not make a due contribution or when the burden imposed on them is relatively less. Another way in which

In the long run, because of the assumption of free entry and exit of the firms, it's not possible for the firms to make super-normal profits nor it is possible for them to incur lo

Tomato Farm is selling tomatoes in a purely competitive market. Its output is 5000 bushels, which sell for $15 a bushel. At this level of output, the marginal cost is $15 bushel an

Explain the concept of externality in economics? Give one example of a positive and a  negative externality in Australia.

Explain cost output relationship with reference to: a.    Total fixed cost and output b.    Total variable cost  and output


THE COMPANY WOULD TO INCREASE THE PRICE OF STEEL IT SELLS BY 6% THE MANAGEMENT FORECAST ED THAT INCOME WILL RISE BY 4% NEXT YEAR AND THAT PRICE OF ALUMINIUM WILL FALL BY 2%. IF THE