Merits.
• It brings about equality of sacrifice amongst taxpayers.
• By means of progression, inequalities of income and wealth distribution are reduced.
• It is economical because the cost of collection does not increase with the increase of rate of tax.
• It is more equitable because the more you earn is the more you are taxed.
• It is productive as it yields more money than it would be under proportional tax.
skilled writter answered the question on May 3, 2018 at 17:31
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