Examlex
The different agencies of the executive branch can be grouped according to the different kinds of services they provide.Describe the three main categories of agencies.What kinds of services do they provide? Give some examples of each.
Taxable Income
The portion of an individual's or corporation's income that is subject to taxes according to federal, state, or local law.
Lump-Sum Tax
A tax that is a fixed amount, regardless of the tax base's changes in size or value.
Benefits Principle
The concept that those who benefit from government services should pay taxes in proportion to the amount of benefits they receive.
Tax Burden
The measure of taxes that individuals or businesses must pay as a portion of their income or profit, reflecting the financial impact of taxation.
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