Examlex
Aviva wakes up abruptly after she dreams she is falling from the sky.She is relieved to find herself safe and secure in her comfortable bed.What may have caused Aviva to feel as if she were falling?
Income Quintile
A statistical measure dividing the population into five equal groups according to their income level to analyze economic inequality.
Lump-Sum Tax
A tax that is a fixed amount, not varying with the taxpayer’s income level or expenditure, making it independent of the taxpayer’s behavior.
Excise Tax
An excise tax is a tax charged on specific goods and services, such as gasoline, cigarettes, and alcohol, typically to discourage their use or generate revenue.
Benefits Principle
A taxation theory that suggests taxes should be levied according to the benefits received by the taxpayer from government services.
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