Examlex
In the median-voter model, half the voters have stronger or more positive preferences than the median voter,
while half of the voters have weaker or more negative preferences.
Proportional
A concept where elements are in a constant relationship in terms of size, amount, or number relative to a whole.
Regressive
Describing a tax system where the tax rate decreases as the taxpayer’s income increases, placing a larger burden on lower-income individuals.
Taxable Income
Taxable income is the portion of your gross income that's subject to taxes after deductions and exemptions.
Tax Liability
The total amount of tax owed to the government after all deductions, credits, and prepayments have been taken into account.
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