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A satellite is placed in a geosynchronous orbit. In this equatorial orbit with a period of 24 hours, the satellite hovers over one point on the equator. Which statement is true for a satellite in such an orbit?
Proportional Tax
A tax system where the rate of taxation is fixed, meaning the tax rate stays the same regardless of the taxable amount or income.
Average Tax Rate
The portion of total income that is paid as tax, calculated by dividing the total tax amount by the taxable income.
Tax Base
The total amount of assets or revenue that a government can tax to fund its operations and services.
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