answersLogoWhite

0

The equity characteristic of a good tax is demonstrated when individuals with greater ability to pay contribute more, aligning tax burdens with their financial capacity. For example, a progressive income tax system, where higher income earners pay a larger percentage of their income in taxes, exemplifies vertical equity. Additionally, horizontal equity is illustrated when individuals with similar financial situations pay similar amounts in taxes, ensuring fairness across different taxpayers. These principles help create a more just tax system that addresses income disparities.

User Avatar

AnswerBot

3w ago

What else can I help you with?

Related Questions

Which one of the following situations demonstrates the “equity” characteristic of a good tax?

Policy-makers lower the tax rate for individuals earning income below the poverty threshold.


What is an interest only home equity loan?

An interest only home equity loan allows someone to pay only the interest on their mortgage for several years and not pay the principal. This is a good option for people in lower income situations to avoid going into default.


Which characteristic of good leadership is demonstrated when a president acknowledges that triumph were done not for personal glory-but for the good of the American people?

This characteristic of good leadership is humility. By acknowledging that achievements are not for personal glory but for the benefit of the people, the leader demonstrates a selfless attitude and prioritizes the greater good over individual recognition. This fosters trust and respect among citizens, reinforcing the idea that leadership is about service rather than personal gain.


What is a good assets to equity ratio for a company?

A good assets to equity ratio for a company is typically around 2:1. This means that the company has twice as many assets as it does equity, which indicates a healthy balance between debt and equity financing.


Is determination a characteristic?

yes. it is a good characteristic


What situations demonstrates hibernation?

A bear is a good example that demonstrates hibernation. Bears sleep for long periods of time without food because their bodies can regulate their heart rate. It is hard for bears to find food in the winter because their food source dies off or gets covered by snow, so nature gave them the ability to hibernate.


Can anyone take out a private equity loan?

Yes. Good credit will help. You also need equity.


Which was a characteristic of a period known as pax Romania?

A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.A characteristic of the Pax Romana was prosperity. This was due, in part, to good governmental leadership.


Is private equity good for US economy?

yes it is very good


What are some good private equity jobs?

There are many good private equity jobs out there. These typically are either that related to that of a financial analyst, computer programming or managment.


What is a good debt-to-equity ratio for a company?

A good debt-to-equity ratio for a company is typically around 1:1 or lower. This means that the company has roughly the same amount of debt as it does equity, indicating a balanced financial structure.


What is a good definition of economic equity?

Economic equity is the concept of fairness in economics, especially concerning taxation or welfare.