In Canada, marginal income tax rates range from 22 percent to 40 percent. In the
ID: 1137761 • Letter: I
Question
In Canada, marginal income tax rates range from 22 percent to 40 percent. In the United States, marginal income tax rates range from 10 percent to 35 percent. Canada places aweight on the ability-to-pay principle and aweight on efficiency than does the United States. O A. greater, smaller O B. smaller, greater O C. greater, greater O D. smaller, smaller Canada places_ the United States. O A. O B. O C. the same weight on fairness as a greater weight on fairness than does a smaller weight on fairness than doesExplanation / Answer
Canada places greater weight on the ability to pay principle and a smaller weight on efficiency than does the United States.
Ability-to-pay taxation is a dynamic taxation rule that keeps up that assessments ought to be exacted by a taxpayer's ability to pay. This dynamic taxation approach puts an expanded taxation rate on people, organizations, organizations, companies, trusts, and certain bequests with higher wages.
Efficiency: tax accumulation endeavors ought not cost an excessively high level of tax incomes.
Canada places a greater weight on fairness than does the United states.
Tax fairness portrays an arrangement of taxation that is impartial for all taxpayers. Gatherings concentrated on tax fairness hope to restrain the measure of tax enactment and tenets that advantage one portion of the tax-paying populace over another.