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Federal
Pertaining to the central government of a country, as opposed to local or state governance.
State
A politically organized territory with a permanent population, defined territory, government, and the ability to enter into relations with other states.
Regressive Tax
A tax system where the tax rate decreases as the taxable amount increases, leading to a higher tax burden on lower-income earners.
Sales Tax
A tax imposed by governments on sales of goods and services, typically a percentage of the sale price paid by the consumer.
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