What is the definition of Ability to pay principle? | Dictionary.net

ABILITY TO PAY PRINCIPLE

\ɐbˈɪlətˌi tuː pˈe͡ɪ pɹˈɪnsɪpə͡l], \ɐbˈɪlətˌi tuː pˈe‍ɪ pɹˈɪnsɪpə‍l], \ɐ_b_ˈɪ_l_ə_t_ˌi t_uː p_ˈeɪ p_ɹ_ˈɪ_n_s_ɪ_p_əl]\

Definitions of ABILITY TO PAY PRINCIPLE

1910 - Black's Law Dictionary (2nd edition)

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A principle in economics that those with more wealth should pay higher taxes. This balances those with a lesser income who cannot afford to pay as much.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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