Adam Smith's concept of vertical equity is found in a tax rate structure that is

Question

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Adam Smith believed in progressive taxation, where individuals with higher incomes pay a higher percentage of their income in taxes. This concept of vertical equity is based on the idea that those who have more ability to pay should contribute more to society. Therefore, the best choice is option D, which represents a progressive tax rate structure.

Adam Smith's Concept of Vertical Equity Is Found in a Tax