Assertion: ability | /r/CapableOf | pay principle
Facets:
Source sentences:
text: Define Ability to Pay Principle: The wherewithal to pay concept is a taxation principle that suggests people shouldn’t be subjected to taxes that they aren’t able to pay based on their income.
text: The ability to pay principle suggests that the real amount of tax paid is not the only factor that has to be considered and that other issues such as the ability to pay should also be factored into a tax system.
text: Definition: Ability to pay principle is the concept that individuals shouldn’t be required to pay taxes beyond their wherewithal to pay the taxes.
text: What is the definition of the ability to pay principle?
text: With the introduction of the ability to pay principle, Brandon, who earns more than $75,000 annually, will pay 100% of the taxes, which is $225,000 x 33% = $74,250.
text: Although the ability to pay principle makes sense, there are arguments against, mainly because it is difficult to accurately determine a person’s ability to pay taxes.