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  • February 16, 2022
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Ability to Pay (Taxation)

A taxation principle which maintains that the amount of taxes should vary with the levels of wealth or income. That is the taxes someone pays should increase as his income increases, and vice versa. For example, the graduated or progressive income tax takes into account a taxpayer’s ability to pay.


[related_posts_by_tax title="See also" posts_per_page="10" taxonomies="post_tag"]

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