Examlex
A party may not rescind a contract if there has been a mutual mistake of a past or existing material fact.
Progressive
Progressive refers to a tax system in which the tax rate increases as the taxable base amount (income or profits) increases, aimed at ensuring fairness by taxing individuals based on their capacity to pay.
Regressive
Pertaining to a tax system in which the tax rate decreases as the taxable amount increases, burdening proportionally more on lower-income earners.
Proportional
Corresponding in size, degree, or intensity; having a constant relation in degree or number between the parts.
Sales Taxes
Taxes imposed by governmental entities on sales of goods and services, typically collected at the point of sale from the consumer.
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