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  • 'horizontal Equity Implications Of The Lottery Tax' In Pdf Format - Ntj Tax

Get 'horizontal Equity Implications Of The Lottery Tax' In Pdf Format - Ntj Tax

National Tax Journal Vol 51 no. 1 (March 1998) pp. 71-82 HORIZONTAL EQUITY IMPLICATIONS OF THE LOTTERY TAX HORIZONTAL EQUITY IMPLICATIONS OF THE LOTTERY TAX HARRIET STRANAHAN * & MARY O MALLEY.

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Horizontal equity is an economic theory that states that individuals with similar income and assets should pay the same amount in taxes. Horizontal equity should apply to individuals considered equal regardless of the tax system in place.

Horizontal equity is the equal treatment of equals, and this is a means of achieving a distribution of tax burdens that is vertically equitable. The Poll Tax is an example of a tax that has horizontal equity (everyone pays a lump sum of £500 a year).

Vertical equity is a method of collecting income tax in which the taxes paid increase with the amount of earned income. ... This can be contrasted with horizontal equity, whereby individuals with similar income and assets should pay the same amount in taxes.

Horizontal equity is an economic theory that states that individuals with similar income and assets should pay the same amount in taxes. ... This can be contrasted with vertical equity, a method of collecting income tax in which the tax rate one is subject to increases with the amount of earned income.

Definition. Horizontal equity is a tax principle whereby equals are treated as equals hence individuals with the same income should pay an equal amount of tax. On the other hand, vertical equity is a method of tax collection based on the income amount whereby taxes paid increase with an increase in income.

Vertical equity is a method of collecting income tax in which the taxes paid increase with the amount of earned income. The driving principle behind vertical equity is that those who have the ability to pay more taxes should contribute more than those who are not.

Horizontal equity is an economic theory that states that individuals with similar income and assets should pay the same amount in taxes. Horizontal equity should apply to individuals considered equal regardless of the tax system in place.

Vertical equity is based on the idea that those who earn more money, or have more economic resources, should be taxed at higher rates than those earning less money. The idea is that those who have the means to pay more taxes should contribute at higher rates than those who do not.

The horizontal equity says that people with similar ability should pay the same amount of tax. It is hard to determine which taxpayers are similar and if they should pay the same amount of tax. That is the main topic in horizontal equity and that is why so hard to apply it.

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Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232