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Why was Nathaniel Bacon enraged by Governor Sir William Berkeley?
Federal Taxes
Taxes collected by the national government, including income taxes and Social Security taxes.
Perfectly Elastic
Describes a situation where the quantity demanded or supplied responds infinitely or massively at a particular price level, often represented by a horizontal line on a graph.
Excise Tax
An indirect tax charged on the sale of a particular good, usually intended to discourage use of the good or to raise revenue.
Tax Incidence
The degree to which a tax falls on a particular person or group.
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