A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy person" is an argument in favor of OA) the horizontal equity principle. B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received principle.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid
by a wealthy person" is an argument in favor of OA) the horizontal equity principle.
B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received
principle.
D
Transcribed Image Text:A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy person" is an argument in favor of OA) the horizontal equity principle. B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received principle. D
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