Regressive Tax – NBC Institute

PT – March 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Differentiate between progressive and regressive tax systems with examples.

Question

When introducing new taxes in a developing economy like Ghana, the contribution of the new tax system to the tax buoyancy of the country is important. However, this will depend on whether the new tax instrument will be a progressive tax or a regressive tax.

Required:

Explain the difference between progressive tax system and regressive tax system and state ONE (1) example of each tax instrument.

Answer

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Tags: Examples of Taxation, Progressive Tax, Regressive Tax, Tax Systems
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: MAR 2023

PT – Mar 2024 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the features that distinguish progressive, proportional, and regressive taxes.

Question

A tax may be described in a number of ways based on the relationship between income earned by a person and the tax rate applicable to that income. Again, an important feature of a tax system is the percentage of the tax burden relative to income or consumption, thus, the terms progressive, proportional, and regressive are used to describe the way the rate of tax progresses from low to high; from high to low or proportionally.

Required:
In relation to the scenario above, explain progressive, proportional, and regressive taxes, stating the main features that distinguish them. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Income Tax, Progressive Tax, Proportional Tax, Regressive Tax, Tax Types
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: MAR 2024

PT – March 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Differentiate between progressive and regressive tax systems with examples.

Question

Required:

Explain the difference between progressive tax system and regressive tax system and state ONE (1) example of each tax instrument.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Examples of Taxation, Progressive Tax, Regressive Tax, Tax Systems
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: MAR 2023

PT – Mar 2024 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the features that distinguish progressive, proportional, and regressive taxes.

Question

Required:
In relation to the scenario above, explain progressive, proportional, and regressive taxes, stating the main features that distinguish them. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Income Tax, Progressive Tax, Proportional Tax, Regressive Tax, Tax Types
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: MAR 2024

Question Tag: Regressive Tax

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PT – March 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Differentiate between progressive and regressive tax systems with examples.

PT – Mar 2024 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the features that distinguish progressive, proportional, and regressive taxes.

PT – March 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Differentiate between progressive and regressive tax systems with examples.

PT – Mar 2024 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the features that distinguish progressive, proportional, and regressive taxes.

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PT – March 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Differentiate between progressive and regressive tax systems with examples.

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PT – Mar 2024 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the features that distinguish progressive, proportional, and regressive taxes.

You're reporting an error for "PT – Mar 2024 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy"

PT – March 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Differentiate between progressive and regressive tax systems with examples.

You're reporting an error for "PT – March 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy"

PT – Mar 2024 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the features that distinguish progressive, proportional, and regressive taxes.

You're reporting an error for "PT – Mar 2024 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy"

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