One of the cannons of a good tax is equity. what is meant, Ask an Expert

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One of the cannons of a "Good" tax is EQUITY. What is meant by an "equitable" tax?

a. everyone should pay exactly the same tax, regardless of their income

b. everyone should pay a flat rate of taxation, regardless of their income

c. the due date for income tax filing should be staggered throughout the year

d. everyone with the same income should pay approximately the same tax

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M953422

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