Redistribution of income from the rich to the poor is achieved from a tax system that requires taxes to rise with income. Which of the following criteria best explains the goal of this tax system?
A) efficiency
B) equity
C) growth
D) stability

Question

Quizplus · Accepted Answer

The goal of redistributing income from the rich to the poor through a progressive tax system, where taxes increase with income, is primarily aimed at achieving equity. This approach seeks to ensure a fairer distribution of wealth and resources across society.

Redistribution of Income from the Rich to the Poor Is