Examlex
Due to the rising number of violent thefts of smartphones in major U.S. cities, cloud locks have been receiving increased attention. _________________________
Nominally Progressive
Pertaining to tax structures where the nominal rates increase as the taxable base increases, without necessarily resulting in a higher effective tax rate on higher incomes due to possible deductions and exemptions.
Regressive Effect
A situation where a policy or economic condition disproportionately impacts lower-income individuals more negatively than those with higher incomes.
Proportional
Proportional refers to a relationship or distribution in which changes in one variable correspond to equal changes in another variable.
Social Security Tax
A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.
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