Homeowner's Insurance Excludes Detached Structures on Your Property

question 87

True/False

Homeowner's insurance excludes detached structures on your property.

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Definitions:

Ability-To-Pay

A principle of taxation that suggests taxes should be levied based on the taxpayer's ability to bear the financial burden.

Regressive Tax

A tax that takes a smaller share of the income of high-income taxpayers than of low-income taxpayers.

Progressive Tax

A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers.

Benefits Principle

The principle of tax fairness by which those who benefit from public spending should bear the burden of the tax that pays for that spending.