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The main finding of Bower's (1965) study was that babies:
Progressive Tax
A tax system where the tax rate increases as the taxable amount increases, typically aimed at redistributing wealth more equitably.
Value-Added Tax (VAT)
A type of tax that is applied incrementally at each stage of production and distribution on the value added to goods and services.
Retail Sales Tax
A tax on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the retailer.
Payout Rates
The percentage of earnings or profits that a company distributes to its shareholders as dividends.
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