Vertical equity states that taxpayers with a greater ability to pay taxes should contribute a decreasing proportion of each increment in income to taxes.

Name: Vertical equity states that taxpayers with a greater ability to pay taxes should contribute a decreasing proportion of each increment in income to taxes.
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Vertical equity states that taxpayers with a greater ability to pay taxes should contribute a larger proportion of their income to taxes, not a decreasing proportion.

Vertical Equity States That Taxpayers with a Greater Ability to Pay