Examlex
After a certain group of Vikings were granted territory in France, later known as Normandy, they stopped excursions to any other lands beyond Normandy.
Tax Revenues
The income that is collected by governments through taxation.
Progressive Tax
A tax in which the average tax rate rises with income. People with higher incomes will pay a higher percentage of their income in taxes.
Proportional Tax
A tax in which the average tax rate is the same at all income levels. Everyone pays the same percentage of income in taxes.
Regressive Tax
A tax in which the average tax rate falls with income. People with higher incomes will pay a lower percentage of their income in taxes.
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