Re: Gokhale Model Paper I

Posted by Ashima on Jun 04, 2014; 10:50pm
URL: http://discussion-forum.276.s1.nabble.com/Gokhale-Model-Paper-I-tp7591016p7591480.html

Anjali: The tax will be a regressive tax.

A regressive tax is a tax where lower-income entities pay a higher fraction of their income in taxes than do higher-income entities.

Also, could you explain 35th and 36th please.