Examlex
Power Centers are suburban centers that are different from malls in that
Regressive
Describing taxes or policies that take a larger percentage from low-income earners than from high-income earners.
Progressive Structure
A tax system where the tax rate increases as the taxable base amount increases, often applied to income tax.
Income-tax System
A government system for assessing and collecting taxes on the income of individuals and businesses.
Ability-to-pay Principle
A taxation principle suggesting that taxes should be levied according to an individual's or entity's capacity to pay, typically measured by income or wealth.
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