Examlex
The loss of a single night's sleep does not affect mental flexibility or creativity.
Progressive Tax
A tax system where the tax rate increases as the taxable amount increases, typically aimed at ensuring higher earners pay a larger percentage of their income in taxes.
Regressive Tax
A tax imposed in such a way that the tax rate decreases as the amount subject to taxation increases, burdening lower-income individuals relatively more than higher-income ones.
Direct Tax
Taxes paid directly to the government by the taxpayer, such as income tax.
Indirect Tax
A tax collected by an intermediary (like a retailer) from the person who bears the ultimate economic burden of the tax (like the consumer). Examples include sales tax and VAT (Value Added Tax).
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