What is progressive tax? Write its merits and demerits.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section16.4: Taxation
Problem 4R
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What is progressive tax? Write its merits and demerits.
Transcribed Image Text:What is progressive tax? Write its merits and demerits.
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