VipulMBF
6 June 2024
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Glossary Title
Ability-To-Pay Taxation
Glossary Detail
Ability-to-pay refers to a way of thinking about taxation. Those who subscribe to
this idea believe that taxes should be levied according to one’s ability to pay. That
means individuals and companies with higher incomes should shoulder a higher
taxation rate. The underlying assumption of this philosophy is that money means
less to a rich person than to a poor one.
this idea believe that taxes should be levied according to one’s ability to pay. That
means individuals and companies with higher incomes should shoulder a higher
taxation rate. The underlying assumption of this philosophy is that money means
less to a rich person than to a poor one.
Glossary Title
B Ability-To-Pay Taxation
Glossary Detail
Ability-to-pay refers to a way of thinking about taxation. Those who subscribe to
this idea believe that taxes should be levied according to one’s ability to pay. That
means individuals and companies with higher incomes should shoulder a higher
taxation rate. The underlying assumption of this philosophy is that money means
less to a rich person than to a poor one.
this idea believe that taxes should be levied according to one’s ability to pay. That
means individuals and companies with higher incomes should shoulder a higher
taxation rate. The underlying assumption of this philosophy is that money means
less to a rich person than to a poor one.
Glossary Title
C Ability-To-Pay Taxation
Glossary Detail
Ability-to-pay refers to a way of thinking about taxation. Those who subscribe to
this idea believe that taxes should be levied according to one’s ability to pay. That
means individuals and companies with higher incomes should shoulder a higher
taxation rate. The underlying assumption of this philosophy is that money means
less to a rich person than to a poor one.
this idea believe that taxes should be levied according to one’s ability to pay. That
means individuals and companies with higher incomes should shoulder a higher
taxation rate. The underlying assumption of this philosophy is that money means
less to a rich person than to a poor one.