ability to pay

Noun

Meaning

ability to pay (plural abilities to pay)

(taxation) An individual's level of wealth or income, as a measure of the tax rate they can afford to pay.
Progressive taxes attempt to reduce the tax burden of people with a lower ability to pay.

Source: en.wiktionary.org

Synonyms

responsibility solvency creditworthiness purchasing power credit status paying capacity credit worthiness financial solvency financial standing financial strength financing capacity funds to pay inability to pay capacity to pay ability to contribute
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Examples

The chief use of servants is the evidence they afford of the master's ability to pay. Thorstein Veblen

Here is my principle: Taxes shall be levied according to ability to pay. That is the only American principle. Franklin D. Roosevelt

Hospitals must provide emergency treatment to all who walk through the door, regardless of their citizenship status or ability to pay. Gary Miller

Today, all patients accepted for treatment at St. Jude's are treated without regard for the family's ability to pay. Everything beyond what is covered by insurance is taken care of, and for those without insurance, all of the medical costs are absorbed by the hospital. Marlo Thomas

I think first and foremost everybody should understand that Canadians are strongly committed to the system of universal health insurance, to the principle that your ability to pay does not determine your access to critical medical service. Stephen Harper

America should meet its obligations in the form of Social Security, Medicare, our ability to pay our military, legally binding legislation that allows unemployment compensation, the judiciary, the federal court system, the federal prison system, all those kinds of things have to be paid for. Bill Johnson

Close letter words and terms

ability to orient ability to orient oneself ability to orientate ability to perceive humour ability to plan ability to react