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What are the characteristics of a good tax system (equity and ability to pay, adequacy of yield, costs of collection, tax shifting: impact and incidence,

What are the characteristics of a good tax system (equity and ability to pay, adequacy of yield, costs of collection, tax shifting: impact and incidence, neutrality, and predictability) and why are they important factors

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Characteristics of a Good Tax System 1 Equity and Ability to Pay Definition Taxes should be distributed fairly based on individuals ability to pay Progressive taxation where higherincome individuals p... blur-text-image

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