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ability to pay

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benefit principle

benefit principle  

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The principle that the cost of public expenditures should be met by those who benefit from them. This is an alternative to the ability to pay principle. The benefit principle faces several ...
benefit taxation

benefit taxation  

A form of taxation in which taxpayers pay tax according to the amounts of benefit that they receive from the system. Such a system of taxation is, in practice, very difficult to apply unless specific ...
equal sacrifice

equal sacrifice  

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The principle that the tax burden should be allocated across individuals so that each makes an equal sacrifice. The difficulty with applying this principle is the definition and measurement of ...
flat tax

flat tax  

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A tax with a single rate (as opposed to one in which the rate of tax increases with the size of the tax base) and with no reliefs or exemptions apart from a standard personal allowance. In recent ...
marginal rate of tax

marginal rate of tax  

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The amount of extra tax that is incurred if a taxpayer earns £1 more than his or her current income. Under a progressive tax regime, the marginal rate of tax rises as incomes rise.
poll tax

poll tax  

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History
A tax levied on every poll (or head) of the population. Poll taxes were granted by the English House of Commons in 1377, 1379, and 1380. The third of these poll taxes, for one shilling from every man ...
progressive tax

progressive tax  

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A tax is said to be progressive if the percentage of an individual's income which is paid in tax increases as their income increases, so that the rich pay relatively more than the poor.

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