Examlex
CATS is an approach identified with:
Progressivity
Refers to a tax system in which the tax rate increases as the taxable amount increases.
Irving Fisher
An American economist known for his work in the field of economics, including the theory of interest and the equation of exchange.
Tax on Consumption
A levy placed on the spending on goods and services, often implemented through sales tax or value-added tax (VAT).
Standard of Living
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.
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