Examlex
One advantage of virtual endoscopy is that it can reduce complications that might arise from conventional endoscopy.
Progressive Tax
A tax system where the tax rate increases as the taxable amount increases, often aimed at reducing income inequality.
Tax Base
The tax base is the total amount of assets or revenue that a government can tax, including income, property, sales, and other valuables.
Marginal Tax Rate
The rate at which the next dollar of taxable income is taxed.
Proportional Tax
A tax system where the rate of taxation is fixed, meaning the tax rate stays the same regardless of the taxable amount or income.
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