The concept of equity would explain the redistribution from the rich to the poor which is achieved from a tax system that requires taxes to

A) fall when income rises.
B) rise when income rises.
C) remain stable when income rises.
D) be unrelated to income.

Question

Richa Patel · Accepted Answer

Final Answer : B, Explanation :  The concept of equity, particularly vertical equity, supports a progressive tax system where taxes rise with income. This means individuals with higher incomes pay a higher percentage in taxes, facilitating redistribution from the rich to the poor.

The concept of equity would explain the redistribution from the rich to the poor which is achieved from a tax system that requires taxes to

A) fall when income rises.
B) rise when income rises.
C) remain stable when income rises.
D) be unrelated to income.

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Learning Objectives

Related questions

The concept of equity would explain the redistribution from the rich to the poor which is achieved from a tax system that requires taxes toA) fall when income rises.B) rise when income rises.C) remain stable when income rises.D) be unrelated to income.

Definitions

Learning Objectives

Learning Objectives

Related questions

The concept of equity would explain the redistribution from the rich to the poor which is achieved from a tax system that requires taxes to

A) fall when income rises.
B) rise when income rises.
C) remain stable when income rises.
D) be unrelated to income.