Meaning ability-to-pay principle
What does ability-to-pay principle mean? Here you find 6 meanings of the word ability-to-pay principle. You can also add a definition of ability-to-pay principle yourself
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ability-to-pay principleA principle of taxation in which taxes are based on the income or resource-ownership ability of people to pay the tax. The income tax collected by our friends at the Internal Revenue Service is one of [..]
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ability-to-pay principleThe belief that people should be taxed according to their ability to pay, regardless of the benefits they receive. The U.S. individual income tax is based on this principle.
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ability-to-pay principleThe idea that taxes should be levied on a person according to how well that person can shoulder that burden.
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ability-to-pay principleA principle of taxation in which taxes are based on the income or resource-ownership ability of people to pay the tax. The income tax is one of the most common taxes that seeks to abide by the ability [..]
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ability-to-pay principleA principle of taxation in which taxes are based on the income or resource-ownership ability of people to pay the tax. The income tax collected by our friends at the Internal Revenue Service is one of [..]
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ability-to-pay principleA principle of taxation in which taxes are based on the income or resource-ownership ability of people to pay the tax. The income tax is one of the most common taxes that seeks to abide by the ability [..]
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