Examlex
For adults, a person with a BMI over __________ is classified as overweight, and a person with a BMI over __________ is obese.
Regressive
A term often used to describe taxes where the tax rate decreases as the taxable amount increases.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, representing the tax rate applied to each additional dollar of income.
Average Tax Rate
The fraction of total income that is paid as taxes, calculated by dividing the total tax amount by the total income.
Progressive
Progressive, in an economic context, refers to a taxation or policy structure where the tax rate increases as the taxable base amount increases, often aimed at reducing income inequality.
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