The Taxation Principle That Says People with Higher Incomes Should

question 139

Multiple Choice

The taxation principle that says people with higher incomes should pay more in taxes than those with lower incomes is called

• A)A flat tax system.
• B)A regressive tax system.
• C)Vertical equity.
• D)Horizontal equity.

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Definitions:

Triumphant

Marked by victory or success; a feeling or expression of joy or exultation because of a win or achievement.

Creative Voice

A term that refers to the distinctive style or expression of an artist, writer, or creator in their work.

Export Market

The international market where goods and services produced in one country are sold or distributed to buyers in other countries.

Boycotted

The act of abstaining from using, buying, or dealing with as a means of protest or coercion.