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Two students bump into each other in the student union cafeteria and spill their trays. Food goes everywhere, but senior Frank Lee Mydeer decides he needs to bump back harder. He hurls insults at shy, freshman Casper Milquetoast using every epithet he can conceive of for the accident. Since the younger guy is redheaded and overweight, Mydeer throws a few darts at those personal traits as well. A crowd gathers around to see how Milquetoast has been humiliated -- so much so he drops out of school the next month. Obviously he suffered injury, so Milquetoast should win his defamation suit against Mydeer.
General Sales Tax
A tax imposed on sales transactions, applied to the sale of most goods and some services, and usually calculated as a percentage of the sales price.
Marginal Tax Rate
Refers to the rate at which the last dollar of income is taxed, indicating the impact of an additional dollar of income on tax liability.
Marginal Tax Rate
is the rate at which the next dollar of income will be taxed, reflecting the percentage of additional income that is paid in tax.
Local Governments
The administrative bodies that govern smaller regions within a country, often responsible for local policies and services.
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