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.

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.

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Design Of The Tax System

Section: Chapter Questions

Problem 3CQQ

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Question

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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