Examlex
In which of the following groups does seaweed belong?
Taxable Income
The portion of an individual's or entity's income used to determine how much tax is owed to the government in a specific period.
Progressive
A tax system where the tax rate increases as the taxable amount increases, often aimed at achieving a more equitable distribution of income.
Proportional
A relationship where two quantities increase or decrease at the same rate, maintaining a constant ratio.
Regressive
Refers to a tax system where the tax rate decreases as the taxable amount increases, often placing a higher burden on lower-income earners.
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