Examlex
What are the effects of the Internet-powered commodification of culture? What tensions have these effects created?
Proportional
Proportional refers to a relationship where two quantities change at the same rate, maintaining a constant ratio between them.
Regressive
A term typically used to describe a tax system where the tax rate decreases as the taxable amount increases, disproportionately affecting those with lower incomes.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the percentage of an additional dollar of income that is paid in tax.
Taxable Income
The amount of an individual's or company's income that is subject to taxes, after all deductions and exemptions are applied.
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