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When was the Equal Rights Amendment (ERA) ratified?
Proportional Taxation
The tax as a percentage of income remains constant as income increases; also called a flat tax.
Regressive Taxation
The tax as a percentage of income decreases as income increases.
Progressive Taxation
Progressive taxation is a tax system where the tax rate increases as the taxable amount or income of the taxpayer increases, making it proportionally more significant for higher-income earners.
Proportional Taxation
A tax system where the tax rate is fixed and does not change with the income level of the taxpayer, implying everyone pays the same percentage of their income in taxes.
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