Examlex
An attitude has __________ major components.
Taxable Income
The portion of an individual's or corporation's income that is subject to taxes according to the governing tax laws.
Flat Tax
A tax system with a constant tax rate applied to all levels of income, opposing progressive tax systems where rates increase with income.
Tax Burden
The measure of the total amount of taxes that an individual or business must pay, expressed as a percentage of income or profits.
Average Tax Rate
The proportion of the total tax paid to the total taxable income, calculated by dividing the total tax amount by the taxable income.
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