The concept that people should be taxed so as to result in a socially desirable redistribution of income is known as the ________ principle.

Question

Quizplus · Accepted Answer

The ability-to-pay principle suggests that individuals should be taxed based on their ability to pay, with the goal being the redistribution of income in a socially desirable way. This principle takes into account a person's income and wealth, and aims to ensure that those who have more are taxed at a higher rate than those with less. This is often seen as a more ethical and fair way to tax individuals, as it recognizes that not everyone can afford to pay the same amount of taxes.

The Concept That People Should Be Taxed So as to Result