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When four-year-old Deidra wants an item or an activity, she will attack her parents with her fists until they laughingly and protestingly give her what she wants. Her parents' decision to give into Deidra's demands in this fashion
Ability-To-Pay Principle
A taxation principle that suggests taxes should be levied according to an individual's or entity's ability to pay, favoring a more equitable distribution of the tax burden.
U.S. Income Tax
A tax imposed by the U.S. government on the income generated by businesses and individuals within its jurisdiction.
FICA Tax
A federal payroll tax in the United States that funds Social Security and Medicare programs.
Progressive
A term that may refer to a system or policy where the rate increases as the taxable amount increases, often used in the context of taxation or a general approach promoting change or innovation.
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