Identify the tax system in which the tax rate decreases with increase in income.

Proportional taxation system

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Regressive taxation system

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Progressive taxation system

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Indirect taxation system

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Solution

The correct option is B Regressive taxation system
.

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Similar questions

A tax is one in which the rate of tax remains the same irrespective of the increase in income level.

A tax whose rate remains the same irrespective of the increase in income level.

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