The government once imposed a luxury tax on very expensive jewelry.This tax followed the ________ principle.

Name: The government once imposed a luxury tax on very expensive jewelry.This tax followed the ________ principle.
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Question

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The luxury tax on very expensive jewelry follows the ability-to-pay principle as it targets individuals with greater ability to pay by taxing luxury items that only a certain demographic can afford.

The Government Once Imposed a Luxury Tax on Very Expensive