Income tax fails to meet the principle of horizontal equity

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The revenue tax fails to follow the horizontal equity theory because of factors such as the non-uniform government gains from tax (Verbist & Van Lancker, 2016). Since horizontal taxation is the same for those with fairly similar earnings, it is clear that the concept does not take into account the potential for disparities in income tax burdens, because while people may have the same income, different tax burdens may qualify for fair taxation. However, income tax meets the vertical equity principle that holds that people with more ability to pay the tax are to be taxed more as a means to consider proportional and progressive redistribution within the society for the equitable welfare (Verbist & Van Lancker, 2016).

In consideration of the existing situation on gasoline production within the United States, which positions the United States as the leading producer, it can be recommended that increase on gasoline tax for the sake of funding other transport projects should be applied. Basing on the efficiency principle, optimal allocation of resources within an economy is vital to the success of the economy (Okun, 2015). In the same manner, since equity revolves around fairness in the distribution of the resources, it can be recommended that the gasoline tax should be raised to take care of the transport resources for the relative welfare of the United States citizens (Okun, 2015).

 

References

Okun, A. M. (2015). Equality and efficiency: The big tradeoff. Brookings Institution Press.

Verbist, G., & Van Lancker, W. (2016). Horizontal and Vertical Equity Objectives of Child   Benefit Systems: An Empirical Assessment for European Countries. Social Indicators        Research, 128(3), 1299-1318.

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