Examlex
GPS utilizes location-based services (LBS), applications that use location information to provide a service, whereas a GIS does not use LBS applications.
Progressive
A social or political ideology that advocates for reform and innovation, emphasizing progressive changes in society.
Direct Taxes
Taxes levied directly on an individual's or organization's income or wealth.
Marginal Tax Rate
The percentage of tax levied on each additional dollar of income, representing the tax rate applicable to every tax bracket for which you're eligible.
Tax Reform Act
refers to legislation aimed at modifying the tax system. One well-known example is the Tax Reform Act of 1986 in the United States, which simplified the income tax code, broadened the tax base, and eliminated many tax shelters.
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