Examlex
Economists believe that the optimal level of pollution is zero.
Tax Revenues
The income that is received by the government from taxation.
Progressive Taxation
A tax system where the tax rate increases as the taxable amount or income increases, aiming to distribute the tax burden more equitably among individuals.
Marginal Tax Rate
The percentage of tax applied to your income for each additional dollar of income, essentially the tax rate on the last dollar earned.
Total Tax Rate
The combined rate of all the taxes that an individual or business is liable to pay, expressed as a percentage of income.
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