Asked by Chyna Forrester on Jul 07, 2024

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Which of the following taxes is based on the ability-to-pay principle?

A) Toll on a bridge
B) Income taxes
C) Gasoline excise taxes
D) Property taxes
E) User fees that collect the same amount from each person

Ability-to-Pay Principle

A taxation principle that argues taxes should be levied according to an individual's or entity's capability to bear the tax burden.

Income Taxes

Taxes levied by governments on individuals or corporations' income, where the tax rate may increase as the taxable amount increases.

Excise Taxes

Taxes imposed on the sale of specific goods and services, such as tobacco, alcohol, and gasoline, usually aimed at discouraging their consumption or generating revenue.

  • Attain an understanding of the justification, primary principles, and impacts of different tax schemes.
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Malek MasonJul 13, 2024
Final Answer :
B
Explanation :
Income taxes are based on the ability-to-pay principle, meaning that those with a higher income pay a higher percentage of their income in taxes. This principle is based on the idea that those who have more should contribute more to society's needs.