Examlex
The F- ring is held in place around Saturn by two shepherd moons.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), showing the percentage of income or spending that goes to taxes.
Income Tax Liability
The amount of tax that an individual or entity is legally obligated to pay to a tax authority, based on their income.
Vertical Equity
A principle of taxation that suggests taxpayers with a higher ability to pay should contribute more in taxes than those with a lesser ability to pay.
Horizontal Equity
The principle that individuals with equal ability to pay should face equal tax burdens.
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