ability-to-pay
Definition from Wiktionary, the free dictionary
Contents |
English [edit]
Alternative forms [edit]
- ability to pay
Noun [edit]
- (tax) The principle that taxes should vary according to an individual's level of wealth or income.
- Progressive taxes attempt to reduce the tax burden of people with a lower ability-to-pay.
Synonyms [edit]
- (economic): well-being, utility, welfare