Examlex
A referendum is a device by which the electorate must approve citizen initiatives or decisions of the legislature before these become law or part of the state constitution.
Fried Foods Tax
A hypothetical or proposed tax imposed on products with high levels of fried content to discourage consumption and address health concerns.
Value-Added Tax (VAT)
A tax on the amount by which the value of an article has been increased at each stage of its production or distribution.
Income Tax
A government levy on individuals' or corporations' earnings.
Marginal Tax Rate
The rate of tax applied to the last dollar of income, indicating how much of any additional income will be taken as tax.
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