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How may gravity, friction of air, and wind act on a solid fire stream?
Average Tax Rate
The portion of total income that is paid as tax, calculated by dividing the total amount of taxes paid by the taxpayer’s total income.
Tax Liability
The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority.
Regressive
Pertains to a situation or policy that has a disproportionately greater impact on those with lower income or status.
Excise Tax
A tax imposed on the sale or manufacture of specific goods, such as alcohol and tobacco, within a country.
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