What does ability-to-pay mean?
Definitions for ability-to-pay
abil·i·ty-to-pay
This dictionary definitions page includes all the possible meanings, example usage and translations of the word ability-to-pay.
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Wiktionary
ability-to-paynoun
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.
Numerology
Chaldean Numerology
The numerical value of ability-to-pay in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of ability-to-pay in Pythagorean Numerology is: 2
Examples of ability-to-pay in a Sentence
At a time of massive wealth and income inequality, we need a progressive tax system in this country which is based on ability to pay, it is not acceptable that a number of major profitable corporations have paid zero in federal income taxes in recent years, and that millionaire hedge fund managers often enjoy an effective tax rate which is lower than the truck drivers or nurses.
The opposition weighing in Congress doesn't change oil prices, but it does give them power to change foreign exchange policies and allocation of resources that could improve the economy and the country's ability to pay its debt.
At first it was the incomes of corporations, then of rich citizens, then of well-provided widows and opulent workers, and finally the wealth of housemaids and the tips of waitresses. This is all in line with the ability to pay doctrine. The poor, simply because there are more of them, have more ability to pay than the rich.
We need a progressive tax system in this country that is based on the ability to pay, if we are serious about reforming the tax code and rebuilding the middle class, we have got to demand that the wealthiest Americans and largest corporations pay their fair share in taxes.
Their ability to pay is very limited and indebtedness makes them more vulnerable to exploitation, their desperation makes them take greater risks, such as sending their children away for what they think are better lives, or even selling their kidneys.
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"ability-to-pay." Definitions.net. STANDS4 LLC, 2024. Web. 6 Jun 2024. <https://www.definitions.net/definition/ability-to-pay>.
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