![]() ![]() Overall, the paper contributes to the ongoing discussions on tax policy and its implications for individuals, businesses, and governments. The paper also considers the debate on optimal tax rates and the role of taxation in promoting economic development and government revenue. However, a proportional tax system may be simpler and more conducive to economic growth, especially for countries with high levels of tax evasion and avoidance. The paper concludes that a progressive tax system is more equitable and efficient in reducing income inequality and promoting social welfare. The paper examines the theoretical basis of both types of taxation, analyzes their implementation and administration, and evaluates their economic and social impacts. This legal research paper explores the two types of rates of income tax – proportional and progressive. ![]() This article is written by Utkarsh Upadhyay of Jamia Millia of 1 st year, Intern under Legal Vidhiya ![]()
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