Examlex
Predict the product for the following reaction.
Tax-Transfer System
The mechanism through which governments collect taxes from individuals and businesses and redistribute the revenue in the form of government spending or transfers.
Progressive
Relating to progressive policies or taxes, which are designed to have a greater impact on those who are able to pay more.
U.S. Tax System
A system governing how taxes are collected from individuals and businesses by the federal, state, and local governments in the United States, covering income, sales, property, and other taxes.
Slightly Regressive
Refers to a tax system or policy that places a relatively higher tax burden on low-income earners compared to high-income earners, but the difference is not pronounced.
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