When people like oprah winfrey, bill gates, and tom cruise pay much higher income tax rate than the average tax payer, the tax system is operating from the?

Question

Gia Gaines

Business

29 April, 04:16

When people like oprah winfrey, bill gates, and tom cruise pay much higher income tax rate than the average tax payer, the tax system is operating from the?

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Precious Nielsen · Answer 1

The tax system is operating from the "ability to pay principle".

A tax is a required money related charge or some other sort of demand forced upon a citizen by an administrative association with a specific end goal to support different public uses. An inability to pay, or avoidance of or protection from tax collection, is punishable by law.