Examlex
The first organic compound to be synthesized in a chemist's laboratory was
Regressive Tax System
A tax system where the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income individuals.
Taxpayers
Individuals or entities that are required to make payments to the government based on income, property, goods, and services.
Marginal Tax Rate
The rate at which the last dollar of a taxpayer’s income is taxed, indicating the percentage of additional income that will be taxed.
Average Tax Rate
The portion of total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the total income.
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