Examlex
Choose from the terms listed and match them with their most correct description. You may use the same answer more than once.
-Blood in the pleural cavity
Corporate Income Tax
A tax on the profit of a corporation, where the tax rates can vary based on a country's tax laws and the company's income levels.
Regressive Tax
A tax levied in a way where the rate of taxation diminishes as the taxable amount gets larger.
Proportional Tax
A taxation system where the tax rate remains constant regardless of the amount subject to tax.
Progressive Tax
A tax system where the tax rate increases as the taxable amount or income rises, meaning higher earners pay a larger percentage of their income in taxes than lower earners.
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