Examlex
Discuss aspects of the "What" and "How" of management.
Marginal Tax Rate
The rate at which the next dollar of taxable income is taxed, indicating the impact of each additional dollar of income on taxes owed.
Additional Income
Extra earnings obtained beyond the regular sources of income or revenue.
Proportional Tax
A tax whose burden is the same proportion of income for all households.
Regressive Tax
A tax whose burden, expressed as a percentage of income, falls as income increases.
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