ability-to-pay

listen to the pronunciation of ability-to-pay
English - Turkish
ödeme gücü
English - English
The principle that taxes should vary according to an individual's level of wealth or income

Progressive taxes attempt to reduce the tax burden of people with a lower ability-to-pay.

{i} capacity to pay, having the necessary resources to pay; principle that wealthier people who can afford to pay higher taxes ought to be required to do so (Economics)