Examlex
A depression is a:
Sales Taxes
Taxes imposed by governmental entities on sales of goods and services, typically collected at the point of sale from the consumer.
Regressive
Referring to a tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income earners.
Progressive
Pertaining to political, social, or economic beliefs favoring or promoting changes, reforms, or innovations.
Personal Taxes
Taxes levied on individuals based on their income, wealth, or property ownership, affecting disposable income and purchasing power.
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