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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Business

Delaney Salazar

29 January, 16:10

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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Ware · 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.