A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy person" is an argument in favor of OA) the horizontal equity principle. B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received principle.
A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy person" is an argument in favor of OA) the horizontal equity principle. B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received principle.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section16.4: Taxation
Problem 1R
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![A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid
by a wealthy person" is an argument in favor of OA) the horizontal equity principle.
B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received
principle.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6d101070-2823-4368-b79f-fbcb5991840c%2Ff77d6e70-61f8-4ee8-a7d1-2b653b47bd28%2F0w9fge_processed.png&w=3840&q=75)
Transcribed Image Text:A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid
by a wealthy person" is an argument in favor of OA) the horizontal equity principle.
B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received
principle.
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