A Principle Suggesting That People with More Income or Wealth

question 284

Essay

A principle suggesting that people with more income or wealth should pay more taxes is the:
A.ability-to-pay principle.
B.regressive tax principle.
C.progressive tax principle.
D.benefits principle.

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Definitions:

Proportionate Interest

Refers to an investor's share of profits, losses, and assets in a joint venture or partnership, reflecting their ownership percentage.

Proportionate Share

The part of earnings, assets, or investments attributable to an investor or entity in proportion to their ownership interest or stake in a venture.

Tenants in Common

A form of co-ownership where each tenant owns a separate and distinct share of the property, which can be sold or passed on independently.

Strategic Financial

Pertains to the managing of a corporation's finances with a long-term perspective, focusing on investment decisions, financial planning, and policies that affect the company's financial health and strategic goals.