Examlex
Match the following:
-quality circle
Progressive Tax
A taxation system where the tax rate increases as the taxable amount increases, typically leading to higher earners paying a larger percentage of their income than lower earners.
Tax
A compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Proportional
Pertaining to a relationship where quantities change at the same rate, maintaining a constant ratio.
Taxable Income
The portion of an individual's or business's income used to determine how much tax will be owed to the federal government.
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