What is the ability-to-pay principle of taxation? List one ...

[kwoodring]

What is the ability-to-pay principle of taxation? List one strength and one weakness of the ability-to-pay principle as a guide to tax policy.
 
  What will be an ideal response?

Question 2

In 1999, around 24 percent of college students attended private schools.
 
  a. True b. False

[jaymee143]

Answer to Question 1

The ability to pay principle states that individuals should pay taxes in proportion to their ability to pay. A major strength of the ability-to-pay principle is that it is a useful guide when the benefit principle is inapplicable, such as when it is impossible to determine the distribution of benefits from a government program. A weakness of the ability-to-pay principle is that it is often difficult to determine an individual's ability to pay, making it difficult to apply in the real world.

Answer to Question 2

a

[kwoodring]

Thanks for the timely response, appreciate it

[anyusername12131]

YES! Correct, THANKS for helping me on my review