Personal income tax is based on the benefits-received principle of taxation.

Name: Personal income tax is based on the benefits-received principle of taxation.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

Personal income tax is based on the ability-to-pay principle of taxation, which means that individuals with higher incomes pay a higher percentage of their income in taxes compared to those with lower incomes, regardless of the benefits they receive from public goods and services.

Personal Income Tax Is Based on the Benefits-Received Principle of Taxation