Examlex
The recommended solution for alcoholism usually includes some type of treatment and possibly hospitalization. In contrast, the use of crack cocaine is legally punished. The difference may be explained by the fact that alcoholism has been and crack cocaine use has not.
Regressive
A term often used to describe taxes or policies that take a higher percentage from low-income earners than from high-income earners, considered inversely proportional to income.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare among entities in the economy.
Tax Rate
The rate at which taxes are applied to the income of a person or a company.
Tax Burden
The total amount of tax that individuals, businesses, or specific sectors of the economy bear.
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