The ability of an employer to meet a union's financial demands from operating income.
The issuer's current and future ability to generate sufficient tax revenue to meet its contractual obligations, taking into account all factors concerned with municipal income and property values.
People having differing amounts of wealth or earning different sums of income should pay tax as per their ‘ability to pay’ at different rates. It is a concept devised to be fair to everybody. All assets such as cars, stocks, homes, bonds, and savings accounts come under wealth, whereas salaries, wages, rent, interest, and dividends account for income.
A concept of tax fairness that states that people with different amounts of wealth or different amounts of income should pay tax at different rates. Wealth includes assets such as houses, cars, stocks, bonds, and savings accounts. Income includes wages, interest and dividends, and other payments.
The term ability to pay means simply just that, before borrowing finance you should check you have a sufficient income to meet its repayments. A simple way to ensure you have sufficient income to meet your obligations is to compare your outgoing expenses against your incoming. If you have more coming in than is going out, will the difference cover the cost of the finance you are considering applying for. When agreeing to an application the lender is taking a risk that the information you provide is accurate and that you will repay your end of the obligation. When you apply for finance your obligation is to provide honest information about your situation and this includes your ability to pay the repayments on time and in full. If you are after applying for finance the Grabber provides a selection of application forms and you will not be turned away because of problem credit ratings.
Your ability to make your payments on time is dependent upon your income, stability and assets. This is calculated based on the resources available to you after you have covered your bill payments.
The ability, present and future, for bond issuers to generate revenue in amounts adequate to pay principal and interest.
The idea that taxes should vary according to the level of wealth or income.
The present and future capacity of a municipal bond issuer to generate enough tax revenue to meet its liabilities. To determine a municipality's ability to pay, all factors concerned with property values and municipal income are considered. See: Municipal Bond
The borrower’s ability to meet current and/or future debt obligations.
A principle of taxation. Individuals who earn more income pay more tax, not because they use more government goods and services but because taxpayers who earn more have the ability to pay more. The progressive tax, or higher tax rates for people with higher incomes, is based on this principle.
