Answer: It allows firms to finance technological advancements, which lead to economic growth
Explanation:
Answer:
Vertical equity is referred to as or known as the notion that the taxpayers that have the greater ability to pay the taxes should pay the larger amounts.
Whereas on the other hand the horizontal equity refers to the idea under which the taxpayers that have the similar abilities in accordance with paying taxes should pay same.
Regressive tax is known as or described as the tax under which the high-income earner pay the smaller fraction of income as tax than the other low income earners.
I believe the answer is: the consent of the governed
According to the Declaration of Independence the government officials are elected to represent the will of the majority of the people.
This rule is created in order to stop the government from becoming too powerful and transform the nation into a tyrannical society.
answer: b
Explanation:
the question is basically self explanatory.