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  • The Financial Encyclopedia
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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...

    Ability to Pay

    Broadly speaking, it is the borrower’s ability to fulfill current and future debt obligations by making timely principal and interest...

      Ability To Pay

      In general, it is the capacity of an individual or entity to meet future obligations from earnings or income. In...