ICSE Class X Economics 2022 Solved Papers

© examsnet.com
Question : 24
Total: 33
Explain the term proportional tax.
Solution:  
Proportional tax means when the rate of taxation remains the same as the income of the taxpayer increases or decreases. In this tax system, all incomes are taxed at a single uniform tax rate irrespective of whether the taxpayer's income is high or low.
© examsnet.com
Go to Question: