The Idea That People in Equal Conditions Should Pay Equal

question 249

Multiple Choice

The idea that people in equal conditions should pay equal taxes is referred to as

• A)horizontal equity.
• B)vertical equity.
• C)the ability-to-pay principle.
• D)the marriage tax.

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Definitions:

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

Distinctive Viewpoints

Unique or particular perspectives and opinions that differ from the mainstream or general consensus.

Economic Regulatory Powers

Authority given to governmental bodies to control financial markets and industries through legislation, with the aim of maintaining economic stability and promoting fair competition.

Free-market Approaches

Economic policies or philosophies that advocate for minimal governmental intervention, promoting a laissez-faire market where supply and demand dictate production, pricing, and investments.