The Two Principles of Tax Fairness Are

question 245

Multiple Choice

The two principles of tax fairness are:

• A)the minimize-distortions principle and the maximize-revenue principle.
• B)the benefits principle and the ability-to-pay principle.
• C)the proportional-tax principle and the ability-to-pay principle.
• D)the equity principle and the efficiency principle.

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Definitions:

Corporations

Businesses that are legally recognized as separate entities from their owners, having their rights and liabilities.

Single Taxation

A tax system where income is taxed only once, typically referring to how corporate profits are taxed at either the corporate or shareholder level but not both.