The Idea of Horizontal Equity in Taxation Implies That

question 156

Multiple Choice

The idea of horizontal equity in taxation implies that

• A)equally situated individuals should be taxed equally.
• B)unequally situated individuals should be taxed unequally.
• C)benefits should be given first to those individuals who need them most.
• D)the greatest tax burden should be borne by the wealthiest individuals.

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Definitions:

Annual

Occurring once every year.

Absolute Value

The distance of a number from zero on the number line, without considering direction; always non-negative.

Solution

The number or collection of numbers that fulfill a given equation, inequality, or a set of equations.

Inequality

A mathematical statement that suggests a non-equivalence between two values or expressions.