Meaning of equitable tax


One of the cannons of a "Good" tax is EQUITY. What is meant by an "equitable" tax?

a. everyone should pay exactly the same tax, regardless of their income

b. everyone should pay a flat rate of taxation, regardless of their income

c. the due date for income tax filing should be staggered throughout the year

d. everyone with the same income should pay approximately the same tax

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Meaning of equitable tax
Reference No:- TGS053422

Expected delivery within 24 Hours