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If a Tax System Is Designed So That Individuals with Similar

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If a tax system is designed so that individuals with similar incomes pay similar taxes,the system achieves vertical equity.


Definitions:

Two-factor Theory

The Two-factor Theory proposes that human emotions are the result of a combination of physiological arousal and the cognitive labeling of that arousal.

Drive Reduction Theory

A motivational theory proposing that the maintenance of homeostasis motivates behavior that reduces drives arising from physiological needs.

James-Lange Theory

A psychological theory suggesting that emotions result from people's interpretations of bodily reactions to external events.

Cannon-Bard Theory

The proposition that emotion and physiological reactions occur simultaneously.

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