Examlex
Drinking too much water can result in dilution of sodium in the blood,a condition known as _________.
Proportional Tax
At the individual level, a tax whose average tax rate remains constant as the taxpayer’s income increases or decreases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) remains constant as GDP rises or falls.
Benefits-received Principle
The concept that the amount of taxes an individual pays should be directly proportional to the level of benefits or services they receive from the government.
Ability-to-pay Principle
A taxation principle suggesting that taxes should be levied according to an individual's or entity's ability to pay, typically measured by income or wealth.
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