Vertical Equity Means That

question 89

Multiple Choice

Vertical equity means that

• A)taxpayers with the same amount of income should pay the same amount of tax.
• B)taxpayers with larger amounts of income should pay more tax than taxpayers with lower amounts of income.
• C)all taxpayers should pay the same tax.
• D)none of the above.

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Definitions:

English Colony

A territory under the control and governance of England or the United Kingdom, established during the period of British colonial expansion.

Jamestown

The first permanent English settlement in North America, founded in Virginia in 1607, playing a significant role in the history of the United States.

New World

Historically refers to the Western Hemisphere, including the Americas, discovered by European navigators in the late 15th century.

Virginia Company

A joint-stock company chartered by James I of England in 1606 to establish settlements on the coast of North America.