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Which is the principle stating that laws passed and enforced by states must apply fairly to all individuals?
Regressive Taxes
Taxes that take a larger percentage of income from low-income earners than from high-income earners, inversely related to the taxpayer's ability to pay.
Flat Tax
A tax system with a constant marginal rate, usually applied to individual or corporate income.
Federal Reserve Board
The governing body of the Federal Reserve System, which is responsible for setting monetary policy in the United States.
Tools
Devices or implements, often hand-held, used to carry out a particular function or task.
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