Examlex
A(n) _____ is the sharp peak that remains after cirques have cut back into a mountain on several sides.
Progressive Taxation
The tax as a percentage of income increases as income increases.
Proportional Taxation
The tax as a percentage of income remains constant as income increases; also called a flat tax.
Regressive Taxation
The tax as a percentage of income decreases as income increases.
Progressive Taxation
Progressive taxation is a tax system where the tax rate increases as the taxable amount or income of the taxpayer increases, making it proportionally more significant for higher-income earners.
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