Examlex
Fill in the correct labels for the following figure using the word bank below.
-D _____
Tax Structure
The composition and design of tax rates, brackets, and policies within a particular tax system.
Regressive Tax
A tax system that imposes a higher percentage rate of taxation on low-income earners than on high-income earners.
Fixed Dollar Amount
A specific, unchanging sum of money that does not vary with circumstances, often used in contracts or financial agreements.
Tax
A mandatory financial charge or levy imposed by a government on individuals or corporations to fund government spending and public expenditures.
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