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JAMB Economics 1980 Question 38

Question 38

Public Finance

Which of the following taxes appear generally progressive in nature?

  1. A.Sales taxes
  2. B.The personal income tax
  3. C.Property taxes
  4. D.Corporation taxes
  5. E.None of the above.
Show the answer and explanation

Answer: B (The personal income tax)

Explanation

Personal income tax rates rise as income rises, so it is progressive.