Fill in the Blank(s)

question 6

Short Answer

Fill in the Blank(s)
-The requirements for systems thinking are (a) a holistic view of the system, (b) access to accurate information,(c)______________ (d) supportive measurement, and (e) rigorous systems analysis.

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Definitions:

Regressive

A term used to describe a tax system in which the tax rate decreases as the taxpayer's income increases, placing a larger burden on lower-income earners.

Ability-to-Pay Principle

A taxation principle that argues taxes should be levied according to an individual's or entity's capability to bear the tax burden.

Income Taxes

Taxes levied by governments on individuals or corporations' income, where the tax rate may increase as the taxable amount increases.

Excise Taxes

Taxes imposed on the sale of specific goods and services, such as tobacco, alcohol, and gasoline, usually aimed at discouraging their consumption or generating revenue.