The Two Principles of Tax Fairness Are

question 245

Multiple Choice

The two principles of tax fairness are:

• A)the minimize-distortions principle and the maximize-revenue principle.
• B)the benefits principle and the ability-to-pay principle.
• C)the proportional-tax principle and the ability-to-pay principle.
• D)the equity principle and the efficiency principle.

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Definitions:

Future Outcomes

Potential results or consequences of actions taken in the present or decisions made considering future possibilities and uncertainties.

Organizations

Groups or structures created to achieve specific goals through collective effort.

Collectivist Cultures

Societies that emphasize the needs and goals of the group as a whole over the needs and desires of each individual, fostering strong family or group ties.

Flexible Benefit Programs

Employee benefits plans that allow individuals to choose from a range of benefit options, tailored to their personal needs and preferences.