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When you drop a ball, it accelerates due to Earth's gravity. How does it accelerate if you instead throw it downward? Explain.
Excise Taxes
Taxes imposed on specific goods, services, or transactions, typically aimed at discouraging their consumption or raising revenue for specific purposes.
Per-Unit Taxes
Taxes that are charged on a per-item basis, often levied on specific goods or services, such as gasoline or cigarettes.
Medicare & Medicaid
Federal programs in the United States that provide health coverage; Medicare serves older adults and some younger disabled individuals, while Medicaid assists low-income people.
Progressive Tax Structure
A tax system in which the tax rate increases as the taxable amount or income increases, placing a heavier burden on those who can afford to pay more.
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