Tax System

Horizontal equity ensures that individuals with similar income and assets pay the same amount in taxes, promoting fairness and neutrality in the tax system.

Dive into the intricacies of progressive tax systems, elucidating how higher-income earners contribute more to state funding, thereby supporting essential services and reducing the financial strain on low-income individuals.

Learn about the ability-to-pay taxation philosophy, which maintains that taxes should be levied according to a taxpayer's financial ability, with higher earners shouldering a greater tax burden.

Explore the concept of vertical equity, its principles, benefits, and examples of how it influences the fairness in income taxation.

Explore the essence of proportional taxes, how they function, their benefits and drawbacks, and their global relevance.