Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Form 4 Business Studies online lessons on public finance

Advantages of progressive tax

 (2m 0s)
1067 Views     SHARE

Download as pdf file

Answer Text:
Advantages of progressive tax
-It reduces income inequality as the rich are taxed more.
-It encourages people to work harder/more in order to maintain their standard of living.
-The revenue collected is higher.
-The unit cost of collecting tax reduces as the tax increases.


|