Examlex
Which of the following statements is NOT true?
Benefits Principle
A tax principle stating that those who benefit from government services should pay in proportion to the amount they benefit.
Ability-To-Pay
A principle in taxation that suggests taxes should be levied according to the taxpayer's ability to bear the tax burden.
Maximal Deadweight Loss
The largest possible efficiency loss in a market, occurring when the allocation of resources is not optimal, often due to factors like taxes, subsidies, or monopolies.
Ability To Pay
A principle suggesting that taxes should be levied on individuals or entities based on their capacity to pay, usually measured by income or wealth.
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