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Progressive
A term often used to describe a tax system where the rate increases as the taxable amount increases, typically aimed at reducing income inequality.
Regressive
A characteristic of a tax system where the tax rate decreases as the taxable amount increases.
Tax Cuts
Reductions in the amount of taxes imposed by a government on its citizens, often aimed at stimulating economic growth or achieving specific policy objectives.
Progressive Taxes
Taxation that takes a larger percentage of income from high-income earners than from low-income earners, aimed at reducing income inequality.
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