Examlex
GAO performance audit standards do NOT include which of the following?
Vertical Equity
A principle in taxation that states taxpayers with a greater ability to pay should contribute more in taxes.
Regressive Tax
A tax for which high-income taxpayers pay a smaller fraction of their income than do low-income taxpayers.
Federal Tax Receipts
The revenue collected by the federal government from various taxes like income tax, corporation tax, and other levies.
Individual Income Taxes
Taxes levied on the income of individuals or households, varying with income levels.
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