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The fact that water expands as much as 9% of its volume as it freezes is the basis of
Marginal Tax Rate
The rate at which the last dollar of a taxpayer’s income is taxed, indicating the proportion of additional income that is paid in taxes.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount subject to taxation.
Regressive Tax
A tax system wherein the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income earners.
Sales Tax
A tax on the value of goods sold.
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