Question

what is taxable capacity​

Answer 1

Answer:

Taxable capacity is the ability of individuals and businesses to pay taxes. It is not the ability of taxing authorities to raise revenue. ... If a state were to provide for all the needs of its citizens then, in theory, it could tax away their entire incomes and taxable capacity would be 100 per cent.

Answer 2

Answer:

Taxable capacity is the ability of individuals and businesses to pay taxes. It is not the ability of taxing authorities to raise revenue. ... If a state were to provide for all the needs of its citizens then, in theory, it could tax away their entire incomes and taxable capacity would be 100 per cent.

Explanation:

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