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Ability-to-Pay

Definition of the noun Ability-to-Pay

What does Ability-to-Pay mean as a name of something?

noun

  1. [context: tax] The principle that taxes should vary according to an individual's level of wealth or income.

Printed dictionaries and other books with definitions for Ability-to-Pay

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Google previewEncyclopaedic Dictionary of Economics (1985)

by N. B. Ghodke

ABILITY-TO-PAY PRINCIPLE (*Public finance) One of the two distinct principles of taxation, the other being the "benefit principle". The principle states that the recipients of income and/or the owners of property (wealth) ought to contribute to the ...

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Quotes about Ability-to-Pay

Hospitals must provide emergency treatment to all who walk through the door, regardless of their citizenship status or ability to pay. (Gary Miller)
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