The argument that each person should pay taxes according to how well the individual can shoulder the burden is called

A) the ability-to-pay principle.
B) the equity principle.
C) the benefits principle.
D) regressive.

Ability-To-Pay Principle

This principle suggests that individuals should be taxed based on their ability to pay, regardless of the benefits they receive.

Equity Principle

A concept in finance that emphasizes fair distribution of wealth and assets, ensuring that financial transactions are conducted fairly and equitably.

Taxes

Mandatory financial charges or levies imposed by a government on individuals or businesses to fund public expenditure.