The _____ tax principle implies that taxpayers should pay taxes in proportion to their wealth and income.

Question

Quizplus · Accepted Answer

The ability-to-pay principle suggests that individuals should be taxed based on their ability to bear the tax burden, which typically correlates with their income and wealth levels. This principle argues for a tax system where those with higher incomes or more wealth pay more in taxes, reflecting their greater capacity to contribute to public finances.

The _____ Tax Principle Implies That Taxpayers Should Pay Taxes