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The ____ text box can be used to display a specific resard in the main document.
Progressive Tax
A tax system where the tax rate increases as the taxable income increases, typically designed to tax higher-income individuals more heavily.
Proportional Tax
A tax system where the tax rate is fixed and applied equally to all taxpayers, irrespective of income level.
Tax Liability
The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority.
Tax Incidence
The manner in which the burden of a tax is shared among participants in a market.
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