Examlex
Successful adaptation to stress includes:
Progressive
A tax system where the tax rate increases as the taxable amount increases, often aimed at achieving a more equitable distribution of income.
Proportional
A relationship where two quantities increase or decrease at the same rate, maintaining a constant ratio.
Regressive
Refers to a tax system where the tax rate decreases as the taxable amount increases, often placing a higher burden on lower-income earners.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare among entities, determining who ultimately bears the cost of the tax.
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