equitable taxation

Equitable taxation means designing tax systems that fairly distribute the tax burden based on individuals' ability to pay. It considers factors like income, wealth, or consumption, ensuring those with higher resources contribute more, while still providing support for those with fewer means. The goal is to promote fairness and social stability by reducing inequality and funding public goods and services effectively. In essence, equitable taxation balances fairness and efficiency, making sure everyone pays their fair share relative to their financial capacity.