Asked by Razmin Ellazar on Jun 15, 2024
Verified
Horizontal equity refers to a tax system in which individuals with higher incomes pay more in taxes than individuals with lower incomes.
Tax System
The organized method or structure through which a government or authority collects taxes from individuals and businesses within its jurisdiction.
- Acquire knowledge on the principles governing equal treatment in taxation, focusing on horizontal and vertical dimensions.
Verified Answer
WW
William WalterJun 22, 2024
Final Answer :
False
Explanation :
Horizontal equity refers to the principle that individuals with the same income level should pay the same amount in taxes, emphasizing fairness among equals rather than tax burden distribution based on income levels.
Learning Objectives
- Acquire knowledge on the principles governing equal treatment in taxation, focusing on horizontal and vertical dimensions.