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 The principle that taxes should vary according to an individual's level of wealth or income. |
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 The application of this principle is a progressive tax system, which is considered to be characteristic of a socialist sentiment. Many hard-line classical economists like Adam Smith believed any elements of socialism would destroy the initiative of the population within a free market economy. However, many countries have blended capitalism and socialism with a great degree of success. |
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 Five Tips for the Tax-Smart Investor - Being tax savvy can help you increase your returns more than you'd expect! Year-End Tax Tips For Investors - We give you seven guidelines that may help you save money at tax time. |
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