Taxes are of two kinds. A progressive tax can be an instrument of state policy, yielding benefits for the many at the expense of a few. But a tax can also be debilitating. For further reading, visit “The Hindu”.
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Courtesy: The Hindu
- progressive tax (noun) – it is a tax in which the tax rate increases as the taxable amount increases.
- debilitating (adjective) – making someone/something very weak.
- counterproductive (adjective) – undesirable/unfavourable, adverse, destructive.
- squeeze (verb) – force, pressurize, pressure.
- cap (noun) – limit, upper limit, ceiling.
- incentivise (verb) – encourage, motivate, prompt.
- unviable (adjective) – not capable/feasible.
- on the ground (phrase) – in a situation/place where things are happening really/practically.
- exploitative (adjective) – unprincipled, unethical, disreputable.
- strata (plural form of stratum) (noun) – level, class, echelon/rank.
- pile-up (noun) – accumulation, heap.
- pull the strings (phrase) – manage, direct, control.
- hue (noun) – character, aspect, type.
- give up (phrasal verb) – despair, abandon, stop/renounce.
- inhibit (verb) – impede, hinder, prevent.
- forego (verb) – abandon, renounce, sacrifice.