Asked by
Kapree Kingdom
on Nov 05, 2024
Verified
________ holds that those with greater ability to pay should pay more.
A) The benefits-received principle
B) Horizontal equity
C) Vertical equity
D) Regressive tax theory
Vertical Equity
A principle of taxation that states taxpayers with a greater ability to pay taxes should contribute a larger amount.
Tax Theory
The set of principles and frameworks that describe how taxes impact the economy, individual behavior, and the distribution of income.
- Recognize and comprehend the principles of horizontal and vertical equity within the realm of taxation.
Verified Answer
VW
Learning Objectives
- Recognize and comprehend the principles of horizontal and vertical equity within the realm of taxation.