If yachts that are priced over $100,000 are taxed, which taxation principle would this most likely illustrate?

Question

Quizplus · Accepted Answer

The ability-to-pay principle of taxation suggests that taxes should be levied according to an individual's or entity's ability to handle the financial burden. Taxing yachts priced over $100,000 is an example of this principle, as it targets those who are likely to have a greater ability to pay due to their wealth.

If Yachts That Are Priced Over $100,000 Are Taxed, Which