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Which statement about a graded potential is false?
Average Tax Rate
Total taxes paid divided by total income
Taxable Income
The amount of income used to determine how much tax an individual or a company owes to the government in a given tax year.
Lump-Sum Taxes
Taxes with a fixed amount, not dependent on the taxpayer's income level or economic activity, making them neither progressive nor regressive.
Equitable
Characterized by fairness and impartiality; the fair distribution of resources and opportunities.
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