Examlex
Name the six macro level factors that make up the PESTEL model.
Tax Rate Structure
The dividing of taxable income into sections (brackets), each of which is taxed at a different rate.
Progressive
A term used to describe a tax system where the tax rate increases as the taxable income increases.
Proportional
A concept where elements are in a constant relationship in terms of size, amount, or number relative to a whole.
Regressive
Describing a tax system where the tax rate decreases as the taxpayer’s income increases, placing a larger burden on lower-income individuals.
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