"Those Most Able Should Pay the Highest Taxes" Reflects the

question 168

Multiple Choice

"Those most able should pay the highest taxes" reflects the

• A)ability-to-pay principle.
• B)concept of horizontal equity.
• C)idea of fiscal federalism.
• D)benefits principle.

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Definitions:

Nonprofits

Organizations that operate for charitable, educational, cultural, scientific, or social purposes rather than profit, reinvesting excess revenue in their mission.

True Needs

The basic requirements or necessities that are essential for an individual's well-being and survival.

Buying Things

The act of obtaining goods or services in exchange for money or other forms of payment.