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







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