Examlex
Taking into account the written record of "The Twelve Articles, " what was the peasants' understanding of the principle of "by Scripture alone" and how did this influence the way in which they envisioned church life in their villages?
Regressive
Refers to a tax system in which the tax rate decreases as the taxable amount increases, often placing a heavier burden on low-income earners.
Progressive
A political and social philosophy advocating for reforms that aim to reduce inequality, improve social justice, and enhance welfare.
Marginal Tax Rate
The rate of tax applied to the last dollar of income, showing the percentage of tax paid on any additional dollar earned.
Clinton Administration
The executive period from 1993 to 2001 in the United States, under the presidency of Bill Clinton, characterized by economic prosperity and political challenges.
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