Examlex
In the sentence John found a bat in the attic, the word bat is:
Government Policies
Guidelines, regulations, and rules implemented by the government to influence the economy or address societal issues.
Vertical Equity
A principle of tax fairness that posits individuals with a greater ability to pay taxes should contribute more, promoting a progressive taxation system.
Horizontal Equity
The principle that individuals with similar income and assets should be treated equally by the taxation system.
Proportional Tax
A tax for which high-income and low-income taxpayers pay the same fraction of income.
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