The Idea That Two Taxpayers in the Same Economic Circumstances

question 156

Multiple Choice

The idea that two taxpayers in the same economic circumstances should pay the same level of taxes is known as the

• A)ability-to-pay principle.
• B)vertical-equity principle.
• C)horizontal-equity principle.
• D)benefits-received principle.

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Definitions:

Homo Sapiens

The scientific name for modern humans, the only extant species of the genus Homo.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Earth

The third planet from the Sun, unique among the planets in the Solar System for hosting life, with a vast diversity of ecosystems and geological features.

Biological Evolution

The process by which species of organisms change over time through variations in their genetic material.