Asked by
Lyric McKay
on Nov 05, 2024
Verified
________ holds that those with equal ability to pay should bear equal tax burdens.
A) The benefits-received principle
B) Horizontal equity
C) Vertical equity
D) Progressive tax theory
Horizontal Equity
The principle that individuals or entities in similar financial situations should be treated equally by the tax system or other public policies.
Tax Burdens
The total amount of taxes imposed on an individual or business by a government entity.
Ability to Pay
A principle suggesting that those with greater financial resources should contribute more in taxes.
- Learn to distinguish and grasp the notions of horizontal and vertical fairness in tax policy.
Verified Answer
JC
Learning Objectives
- Learn to distinguish and grasp the notions of horizontal and vertical fairness in tax policy.