Asked by Griselle Gomez on May 03, 2024
Verified
According to the benefits principle, it is fair for people to pay taxes based on their ability to shoulder the tax burden.
Benefits Principle
The concept that those who benefit from government services should pay taxes in proportion to the amount of benefits they receive.
Tax Burden
The measure of taxes that individuals or businesses must pay as a portion of their income or profit, reflecting the financial impact of taxation.
- Examine the basics of tax law and their impact on ensuring fairness and efficiency within the tax system.
Verified Answer
JK
Jessica KaiserMay 09, 2024
Final Answer :
False
Explanation :
The benefits principle suggests that it is fair for people to pay taxes based on the benefits they receive from government services, not based on their ability to pay.
Learning Objectives
- Examine the basics of tax law and their impact on ensuring fairness and efficiency within the tax system.
Related questions
According to the Ability-To-Pay Principle, It Is Fair for People ...
If All Taxpayers Pay the Same Percentage of Income in ...
According to the Ability-To-Pay Principle, It Is Fair for People ...
If James Earns $80,000 in Taxable Income and Pays $20,000 ...
A Lump-Sum Tax Would Take Different Amounts from the Poor ...