ability-to-pay
Definition from Wiktionary, a free dictionary
Contents |
[edit] English
[edit] Alternative spellings
- ability to pay
[edit] Noun
- (a 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.
[edit] Synonyms
- (economic): well-being, utility, welfare