what is taxable capacity
Answers
Answered by
3
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.
Answered by
5
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:
Hope it can help you : )
Similar questions