What approaches are used towards tax equity?

Tax equity can be approached through progressive taxation, where higher income earners pay a larger percentage of their income in taxes, thereby reducing income inequality. Other methods include tax credits and deductions aimed at lower-income households, which help alleviate their tax burden and promote social welfare. Additionally, closing tax loopholes and ensuring that corporations pay their fair share can enhance equity in the tax system. Overall, these approaches aim to create a fairer distribution of the tax burden across different income levels.