0
An ability to pay is an individual's level of wealth or income as a measure of the tax rate they can afford to pay.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is a tax that varies with a person's ability to pay?
A progressive tax is one that varies with a person's ability to pay.
What is the ability to pay principle of taxation?
Benefit taxation can relate only to the financing of public services and not to the redistributive function of the tax transfer process.Under this approach, the tax problem is viewed by itself, independent of the expenditure determination.Horizontal EquityTaxationaccording to ability to pay calls for people with equal capacity to pay the sameVertical EquityFor people with greater ability to pay, they pay more. Person A , whose income is higher , should pay more than B. Implementation of either rule requires a quantitative measure of ability to pay . Ideally this measure is reflected in income, expenditure and wealth.
Taxes that are based on a person's ability to pay?
Regressive tax.
What is the One of he criteria that makes tax fair?
ability to pay
A tax that varies with a person's ability to pay is called?
prgressive tax!!
What is a tax that varies with a person's ability to pay?
A progressive tax is one that varies with a person's ability to pay.
What is the word for the ability to pay debt in your local currency It begans with soverign or a derivation there of.?
the ability to pay bills
What is tax capacity?
ability to pay tax
What is the measure of a person's ability to pay back a loan?
a can
What is taxing someone to their ability to pay?
A Progressive tax.
What is the desire to own something and the ability to pay for it?
The desire to own something and the ability to pay for it is defined as "demand." Similar words to desire include "necessity", "requirement", and "pursuit."
What is the ability to pay principle of taxation?
Benefit taxation can relate only to the financing of public services and not to the redistributive function of the tax transfer process.Under this approach, the tax problem is viewed by itself, independent of the expenditure determination.Horizontal EquityTaxationaccording to ability to pay calls for people with equal capacity to pay the sameVertical EquityFor people with greater ability to pay, they pay more. Person A , whose income is higher , should pay more than B. Implementation of either rule requires a quantitative measure of ability to pay . Ideally this measure is reflected in income, expenditure and wealth.
Why bankers require collateral from borrowers?
incase people will pay back ability to pay back
Do you have to prove you cannot pay to have foreclosure?
Foreclosure is preceeded by you having not paid on your mortgage not your ability to pay.
Is travel in England limited?
Travel in England is limited only by your ability to walk, or your ability to pay for transportation
Why are Americans taxed in proportion to their incomes?
The ability-to-pay principle of taxation states that people with higher incomes have a greater ability to pay taxes than people with lower incomes.
What is the ability to buy something now and pay for it later?
The ability of buy something and pay for it later is credit. Just like you use a credit card, you would put the cost on the card and you would have to pay for the cost later, which is debt.
