Examlex
Which substance is used to correct the chronic anemia associated with chronic renal failure?
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.
Regressive Tax
A tax that takes a larger percentage from low-income earners than from high-income earners, considered regressive because it affects those who are less able to pay.
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