Vertical Equity Implies That

question 30

Multiple Choice

Vertical equity implies that
i.tax rates should be equal for all tax payers.
ii.people with higher income should pay more in taxes.
iii.people with higher incomes should pay a lower average tax rate.

• A) i only
• B) ii only
• C) iii only
• D) i and ii
• E) ii and iii

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