Examlex
What does it mean when a standardized assessment interpolated the data?
Progressive
A tax system in which the tax rate increases as the taxable amount increases, placing a larger burden on those who have higher incomes.
Proportional
A tax system where the tax rate remains constant as the taxable amount increases.
Regressive
A tax system where the tax rate decreases as the taxable amount increases, leading to lower-income individuals bearing a proportionally higher tax burden.
Internal Revenue Code
The comprehensive set of tax laws in the United States, enforced by the Internal Revenue Service (IRS).
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