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.
The numerical value of ability-to-pay in Chaldean Numerology is: 7
The numerical value of ability-to-pay in Pythagorean Numerology is: 2
Sample Sentences & Example Usage
Investors have focused for a long time on Ecuador's willingness to pay given past defaults, but I think now it is more about ability to pay.
Midwives and other maternity staff should not act as gatekeepers to maternity services, they owe a duty of care to all pregnant women who seek care from them and they should provide care to all pregnant women irrespective of ability to pay.
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.
I really can't explain why so many people are confident about their ability to pay for long-term care, it might be that they think - wrongly - that Medicare is going to cover it, or maybe they'll just spend down to indigent levels and go on Medicaid. But there's no way this is a justifiable sense of optimism.
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.
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"ability-to-pay." Definitions.net. STANDS4 LLC, 2017. Web. 27 May 2017. <http://www.definitions.net/definition/ability-to-pay>.