Scope of Taxable Capacity: 5 Factors | Taxation

The following points highlight the top five factors determining the scope of taxable capacity. The factors are: 1. Income 2. The rate of taxes 3. The way the resources are used 4. The attitude of the people 5. Special circumstances. Factor # 1. Income: The level of income is no doubt the primary determinant of taxable capacity. But its nature [...]