Fairness in Taxation

Fairness in taxation refers to the principle that taxes should be equitable and just. This means that individuals and businesses should contribute to government revenue based on their ability to pay. There are two key concepts: **horizontal equity**, where people with similar incomes pay similar taxes, and **vertical equity**, where those with higher incomes pay more. Fair taxation aims to reduce income inequality, fund public services, and ensure that tax burdens are distributed fairly. Ultimately, it seeks to create a balanced system where everyone contributes appropriately to the society they live in.