Explain the ability to pay principle of taxation. – InterviewSolution

1.	Explain the ability to pay principle of taxation.
Answer» The ability-to-pay principle of taxation suggests that the amount of TAX an individual or organization pays should be relative to the amount they earn, as a means of easing the financial burden that taxes can create for low-income households. This ALIGNS with the concept of the PROGRESSIVE tax system.Aap badal GYI HO

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