Examlex
Although the graphic rating scale seems objective,it may result in unfair appraisals because the traits and degrees of merit are
Lump-Sum Taxes
Taxes that are a fixed amount, regardless of the taxed person's income, wealth, or other attributes that could affect their ability to pay.
Low-Income Taxpayers
Individuals with earnings below a certain threshold, often eligible for certain tax benefits or lower tax rates.
Vertical Equity
The idea that taxpayers with a greater ability to pay taxes should pay larger amounts.
Tax System
The structured framework within which public authorities collect taxes from individuals and companies to fund public expenditures.
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