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Explain the term TAXABLE LIMIT as used in taxation

      

Taxation
Theory of taxation

  

Answers


Kelvin
This refers to the point beyond which taxes should not be increased. It is usually difficult to determine exactly the taxable limit of an individual. Currently the taxable limit is at 30%, the maximum percentage of tax. Beyond this point, an individual feels that he/she is heavily taxed. The limit should be point beyond which any additional taxation would produce economically harmful results that outweigh any benefits gained from use of of revenue raised through taxation
Ivutha answered the question on October 26, 2017 at 18:41


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