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The first line of the Miranda warning is:
Horizontal Equity
The principle that individuals with equal ability to pay should face equal tax burdens.
Marginal Tax Rates
The tax rate that applies to the next dollar of taxable income.
Vertical Equity
A principle in taxation that suggests taxpayers with a greater ability to pay should contribute more in taxes.
Ronald Reagan
The 40th President of the United States, serving from 1981 to 1989, known for his economic policies known as "Reaganomics".
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