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Bob earned $100,000 last year and paid $10,000 in income taxes. Bill earned $50,000 last year and paid $5,000 in income taxes. This is an
Bob earned $100,000 last year and paid $10,000 in income taxes. Bill earned $50,000 last year and paid $5,000 in income taxes. This is an example of what principle of taxation?
1) benefits-received principle
2) ability-to-pay principle
3) progressive
4) regressive
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