Examlex
In the anaerobic pathway, glucose can be converted to lactate without the use of oxygen. The lactate can then enter the citric acid cycle.
Ability-To-Pay
A principle of taxation that suggests taxes should be levied based on the taxpayer's ability to bear the financial burden.
Regressive Tax
A tax that takes a smaller share of the income of high-income taxpayers than of low-income taxpayers.
Progressive Tax
A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers.
Benefits Principle
The principle of tax fairness by which those who benefit from public spending should bear the burden of the tax that pays for that spending.
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