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Federal Spending
Expenditures by the federal government on various programs, infrastructure, and services, financed by taxes and other revenues.
Payroll Tax
Obligations enforced on either the workforce or the employers, generally estimated as a share of the compensation employers offer to their staff.
Proportional Taxes
Taxes that are imposed at a constant rate regardless of the income level of the taxpayer.
Regressive Effect
A situation where a tax or fiscal policy disproportionately affects lower-income individuals, making them pay a higher percentage of their income than wealthier individuals.
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