Examlex
Match each term with the correct definition.
-Progressive relaxation
Federal Taxes
Federal taxes are financial charges imposed by a government on individuals, corporations, and other entities' income, property, or transactions to fund public services and obligations.
Regressive
A term referring to a tax system where the tax rate decreases as the amount subject to taxation increases, often disproportionately affecting lower-income individuals.
Value-Added Tax
A consumption tax placed on a product whenever value is added at a stage of production and at the point of retail sale.
United States
A country in North America consisting of 50 states, a federal district, five major self-governing territories, and various possessions.
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