Examlex
Which of the following statements is true of intergenerational relationships?
Regressive
Refers to systems, especially tax systems, where the rate decreases as the amount subject to taxation increases, placing more of a burden on low-income earners.
OECD
The Organisation for Economic Co-operation and Development, an international organization that works to build better policies for better lives, promoting policies to improve the economic and social well-being of people around the world.
Progressive Tax System
A tax structure where the tax rate increases as the taxable amount or income increases, placing a larger financial burden on higher-income earners.
Tax System
The structured collection of laws and regulations that govern how taxes are collected, managed, and utilized by a government.
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