Examlex
Schedule 80 rigid PVC conduit has a larger inside diameter than Schedule 40 rigid PVC conduit.
Starting Wage
The initial salary offered to an employee by an employer when they begin a new job.
Excise Taxes
Taxes imposed on specific goods, such as tobacco and alcohol, either as a fixed amount per unit or as a percentage of the price.
Regressive
Relating to a tax system that disproportionately impacts those with lower incomes, or to policies that may reverse political or social progress.
Regressive Tax
A tax imposed in such a way that the tax rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.
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