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A Higher-Order Function Returns a Function as a Value

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A higher-order function returns a function as a value.


Definitions:

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount of the taxable income or goods.

Average Tax Rate

The fraction of total income that is paid in taxes.

Tax Bases

The total amount of assets or income that a government can tax in order to support its spending.

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