economic equity

Definition

A distribution of assets, resources, and tax liability among the people in a nation or society that is considered fair and just. While some believe that economic equity requires that all citizens pay the same amount, others believe that the amount paid should depend on the amount that each citizen can afford to pay without undue hardship.

Use economic equity in a sentence

Our economic equity was doing pretty well and I wondered how it would hold up over the next few coming weeks.

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If you want to have a full on report of where you stand financially you should tally up all your economic equity.

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The United States tries to have economic equity by having different tax brackets. Based on your income you could pay 10% to 30% income tax to the government.

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