Taxation Equity

Taxation equity refers to the fairness of how taxes are positioned to distribute the financial burden among different individuals and groups. It aims to ensure that people contribute to public funds in a way that reflects their ability to pay, often meaning those with higher incomes pay more, while those with lower incomes pay less. This principle promotes social justice by balancing fairness with government needs, helping fund services like education, healthcare, and infrastructure. Ultimately, taxation equity seeks to create a fair system where everyone contributes appropriately based on their financial capacity, fostering economic stability and social cohesion.