27 lines
704 B
Markdown
27 lines
704 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-5-chapter-02 -->
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# Four Maxims of Taxation
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## Definition
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Smith's four principles for good taxation: equality (proportional to ability),
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certainty (clear and not arbitrary), convenience (paid at convenient times
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and in convenient ways), and economy (minimal collection costs and economic
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distortion).
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## Source Chapter
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Book V, Chapter 2
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## Context
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Smith presents these four maxims as the fundamental criteria by which all
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taxes should be judged, using them throughout his analysis of different tax
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types to evaluate their relative merits and defects.
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## Economic Domain
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General Theory
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---
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