Examlex
A report from IDC estimates that the amount of information humanity creates will grow by a factor of ____________________ between 2009 and 2020.
Regressive Tax
A tax that takes a larger percentage from low-income earners than from high-income earners, considered regressive because it affects those who are less able to pay.
Proportional Tax
A tax system where the tax rate is fixed and the same for all income levels.
Progressive Tax
A taxation system where the tax rate increases as the taxable amount or income of the individual or entity increases.
Benefits-Received Principle
A taxation theory stating that individuals should pay taxes in proportion to the benefits they receive from government services.
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