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Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle . It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics. • The ethical base of this principle rests on the assumption that one rupee paid in taxes by a rich person represents less sacrifice than does the same rupee tax paid by a poor man and that fairness demands equal sacrifice by both rich and poor in support of government. • Example : Income tax- a progressive tax structure.
The Battle of Plassey was fought in which year?
Which Indian state recently became the first to implement a 'Right to Water' law?
Who was the first Indian to receive the Bharat Ratna?
A ball bounces when it falls to the ground. This is in line with:
Which city of Madhya Pradesh is home to India’s first modern, self-sufficient gaushala with Bio-CNG plant?
Recently Japan and __ have signed an agreement to develop hypersonic missile interceptor?