Two commonly-recognized measures of the fairness of an income tax structure are horizontal equity and vertical equity.

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Two commonly-recognized measures of the fairness of an income tax structure are “horizontal equity” and “vertical equity.”

a. Discuss what is meant by horizontal equity and vertical equity as it pertains to the income tax.

b. Why is it so difficult to design a “fair” tax structure?

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Federal Taxation 2017 Individuals

ISBN: 9780134420868

30th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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