Examlex
The upper part of the neritic province is called the euphotic zone.
Property Taxes
Taxes paid by owners of property such as land, buildings, and in some cases, personal property, based on the value of the property.
Regressive
A term often used to describe taxes or policies that take a higher percentage from low-income earners than from high-income earners, considered inversely proportional to income.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare among entities in the economy.
Tax Rate
The rate at which taxes are applied to the income of a person or a company.
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