"A $1000 tax paid by a poor person may be a larger sacrifice than a $10,000 tax paid by a wealthy person." What is this argument based on

Question

Quizplus · Accepted Answer

This argument is based on the ability-to-pay principle, which suggests that individuals should be taxed based on their ability to pay taxes rather than based on their income or wealth. This means that a poor person who has less ability to pay taxes may feel a larger burden from paying a $1000 tax compared to a wealthy person who has a higher ability to pay and may not feel as burdened paying a $10,000 tax.

"A $1000 Tax Paid by a Poor Person May Be