Examlex
Where would you categorize weaknesses in a SWOT analysis?
Regressive
In taxation, regressive describes a tax that takes a smaller percentage of income as the income increases, often placing more burden on lower-income individuals.
Average Tax Rate
The average tax rate is the percentage of total income paid in taxes, calculated by dividing the total amount of taxes paid by the total income before taxes.
Taxable Income
The portion of an individual's or corporation's income that is subject to income tax after allowances, exemptions, and deductions.
Taxable Income
The portion of an individual's or corporation's income used as a basis to calculate how much they owe in taxes to the government.
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