Examlex
When the federal government runs a deficit the interest rates generally increases due to increased demand for funds.
Tax System
The structured way in which taxes are levied in a country, including the collection, management, and expenditure of taxed income.
Regressive
Describes a tax structure where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower income earners.
Effective Average
A calculated mean intended to provide a more accurate or meaningful representation of a set of values, taking into account various factors.
Federal Taxes
Taxes collected by the national government, including income taxes and Social Security taxes.
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