What is progressive tax
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eAnswers Team
Progressive Tax as the name only suggests is a tax which increases in certain condition.
It is a kind of tax in which tax rate increases as the taxable base amount increases.
The first progressive tax was established by the Revenue Act of 1862, it was signed into law by President Abraham Lincoln in United States.
source : http://en.wikipedia.org/wiki/Progressive_tax
eAnswers Team
Progressive Tax as the name only suggests is a tax which increases in certain condition.
It is a kind of tax in which tax rate increases as the taxable base amount increases.
The first progressive tax was established by the Revenue Act of 1862, it was signed into law by President Abraham Lincoln in United States.
source : http://en.wikipedia.org/wiki/Progressive_tax
eAnswers Team
Progressive Tax as the name only suggests is a tax which increases in certain condition.
It is a kind of tax in which tax rate increases as the taxable base amount increases.
The first progressive tax was established by the Revenue Act of 1862, it was signed into law by President Abraham Lincoln in United States.
source : http://en.wikipedia.org/wiki/Progressive_tax