Is given attribute of the tax code vertically equitable

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Your roommate and you had identical high school grade point averages and SAT scores. In many respects, one would expect that you would be equally successful. But because you chose economics as a major and your roommate chose geology, you will be paying a larger amount of tax in the future than your roommate will because your income will be higher.

Is this attribute of the tax code vertically equitable? Is it horizontally equitable?

Reference no: EM131199131

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