"From Each According to His Abilities, to Each According to His

question 22

Multiple Choice

"From each according to his abilities, to each according to his needs" is a motto that would most likely be found in

• A) a relationship characterized by equity.
• B) a capitalist culture.
• C) a noncapitalist culture.
• D) a relationship characterized by injustice.

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Definitions:

Marginal Tax Rate

The rate at which your last dollar of income is taxed, indicating the tax rate applied to the next dollar of taxable income.

Excise Tax

Excise tax is a specific type of tax imposed on certain goods, services, and activities, often included in the price of products like tobacco, alcohol, and gasoline.

Regressive Tax

A tax system where the tax rate decreases as the taxable amount increases, putting a higher relative burden on lower-income earners.

Direct Tax

A tax directly paid to the government by the individual or organization upon whom it is imposed, such as income tax.