Asked by Inder Singh on Jun 17, 2024
Verified
What is the definition of a proportional tax?
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount subject to tax, also known as a flat tax.
- Define key tax concepts including proportional, regressive tax systems, and the distinction between marginal and average tax rates.
Verified Answer
VA
Venkata Adithya GodishalaJun 18, 2024
Final Answer :
A proportional tax is a tax where the tax rate remains the same regardless of the tax base.
Learning Objectives
- Define key tax concepts including proportional, regressive tax systems, and the distinction between marginal and average tax rates.