Vertical equity refers to a tax system in which individuals with higher incomes pay more in taxes than individuals with lower incomes.

Name: Vertical equity refers to a tax system in which individuals with higher incomes pay more in taxes than individuals with lower incomes.
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Vertical equity is a principle in taxation that suggests individuals with higher incomes should pay more in taxes than those with lower incomes, reflecting their greater ability to contribute to the public finances.

Vertical Equity Refers to a Tax System in Which Individuals