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T3 ECONOMICS CH1 Tax and its Importance — Social Science STD 7 — Question

Tamilnadu BoardEnglish MediumSTD 7Social ScienceT3 ECONOMICS CH1 Tax and its Importance2 Marks
Question
What is wealth tax?
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Answer

Wealth tax is imposed on property of individuals depending upon the value of property. The ‘ same property will be taxed every year on its current market value.

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