Abstract
Progressive (resp. regressive) taxation refers to a taxation scheme in which the amount of tax paid as a proportion of the tax base rises (resp. declines) with that base. While progressive taxation has been justified in terms of the ‘principle of equal sacrifice’ and mitigating the inequality of market outcomes, no general political theory of income taxation provides theoretical support for the observed prevalence of progressive taxation schemes. Nor has the theory of optimal income (and consumption) taxation shed any light on the nature of progressive taxation, either normatively or positively.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
