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Though not universally important,the needs for achievement,growth,and self-actualization are profoundly important in the United States,Canada,and Great Britain.
U.S. Income Tax
A tax imposed by the U.S. government on the income earned by individuals, corporations, estates, and other entities.
Vertical Equity
The principle that people with higher incomes should pay more in taxes than those with lower incomes, reflecting a progressive tax system.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount on which the tax is imposed.
Regressive Tax
A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
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