Vertical equity refers to the notion that individuals at all levels should be taxed equally.

Name: Vertical equity refers to the notion that individuals at all levels should be taxed equally.
Brand: Quizplus
Rating: 4.9 (29 reviews)

Question

Quizplus · Accepted Answer

Vertical equity refers to the principle that individuals with higher income or wealth should be taxed at a higher rate than those with lower income or wealth. This is because individuals with higher income or wealth have a greater ability to pay taxes and contribute more to public goods and services.

Vertical Equity Refers to the Notion That Individuals at All