horizontal equity

horizontal equity definition - business

horizontal equity

The principle that individuals in the same income group should be taxed equally. The concept of equals receiving equal treatment is also a principle of property taxation. Compare vertical equity.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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