Examlex
-In the accompanying figure,the number 4 displays _____.
Vertical Equity
A principle of tax fairness that posits individuals with a greater ability to pay taxes should contribute more, promoting a progressive taxation system.
Horizontal Equity
The principle that individuals with similar income and assets should be treated equally by the taxation system.
Proportional Tax
A tax for which high-income and low-income taxpayers pay the same fraction of income.
Tax System
The organized method or structure through which a government or authority collects taxes from individuals and businesses within its jurisdiction.
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