Asked by Karmel Abdeljalil on Jun 06, 2024
Verified
Horizontal equity refers to a tax system in which individuals with similar incomes pay similar taxes.
Horizontal Equity
The principle that individuals with similar incomes or circumstances should be taxed at the same rate.
- Understand the concepts of horizontal and vertical equity in the context of taxation.
Verified Answer
TC
Tanner ClubbsJun 07, 2024
Final Answer :
True
Explanation :
Horizontal equity is a principle in taxation that mandates individuals with similar financial situations or incomes should be taxed at the same rate, ensuring fairness and equality in the tax system.
Learning Objectives
- Understand the concepts of horizontal and vertical equity in the context of taxation.