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TABLE 2-12
The table below contains the opinions of a sample of 200 people broken down by gender about the latest congressional plan to eliminate anti-trust exemptions for professional baseball.
-Referring to Table 2-12, ________ percent of the 200 were against the plan.
Regressive
A tax system where the tax rate decreases as the taxable amount increases, leading to lower-income individuals bearing a proportionally higher tax burden.
Internal Revenue Code
The comprehensive set of tax laws in the United States, enforced by the Internal Revenue Service (IRS).
Private Letter Rulings
Written decisions by the IRS in response to taxpayer requests for clarification on specific tax situations, binding only for the requesting taxpayer.
Temporary Regulations
Rules issued by government agencies for a limited period to address immediate issues or situations.
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