Which of the following is the mixture of two tax systems?

Regressive tax

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Degressive tax

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Progressive tax

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Proportional tax

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Solution

The correct option is B
Degressive tax

Degressive tax is the mixture of two tax systems. Under this system, the rate of tax increases up to a certain limit, after which a uniform rate is charged.

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Why are indirect taxes termed as regressive taxing mechanisms?

Regressive tax is that which is:

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