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Why is it important to recognize that all new information systems are frustrating at first?
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, placing a larger burden on those who have higher earnings.
Average Tax Rate
The proportion of the total taxable income paid in taxes, calculated by dividing the total tax amount by the total income.
Regressive Tax
A tax system where the tax rate decreases as the amount subject to taxation increases, often placing a heavier burden on lower-income individuals.
Higher Incomes
Levels of earnings that exceed the average or median income for a particular region or demographic.
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