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Disadvantages of progressive tax

Answer Text:
Disadvantages of progressive tax
It is oppressive-some people are taxed more than the others and punishes people for their hard work.
- It may discourage people from working more as any additional income goes tax
- Investors may be discouraged from venturing into risky but more
profitable businesses as these would attract more tax
-It assumes that people earning the same amount of money/income have similar needs and ability to pay tax-which in reality may not be true.
-It can lead to tax evasion by taxpayers falsifying their level of income.