Examlex
One of the most divisive events in the United States during the 1960s,and one that aggravated other social and political tensions,was the:
Horizontal Equity
The principle that individuals or entities in similar financial situations should be treated equally by the tax system or other public policies.
Tax Burdens
The total amount of taxes imposed on an individual or business by a government entity.
Ability to Pay
A principle suggesting that those with greater financial resources should contribute more in taxes.
Economic Income
The total amount of monetary or other benefits received over a period, including wages, rents, interest, and profits, considering both realized and unrealized changes in value.
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