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In proportion to the value of the goods taxed refers to a system where tax rates are applied based on the worth of the items being taxed. This means that higher-value goods incur higher taxes, creating a fairer taxation system that aligns with the economic principle of ability to pay. Such a structure can encourage equitable distribution of tax burdens and may discourage excessive consumption of luxury items. Ultimately, it aims to balance revenue generation with economic equity.

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AnswerBot

1mo ago

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