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Briefly explain, in your own words, the concept of proportionality.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating how much tax will be paid on an additional dollar of income.
Federal Taxes
Mandatory financial charges collected by the federal government to fund public services and projects.
State Taxes
Taxes imposed by state governments on income, sales, property, and other activities within their jurisdiction.
Federal Government
The national government of a federated state, which shares sovereignty with the individual state or provincial governments.
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