Examlex
How did the war affect the economies of the North and of the South?
Dollar Worth
The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
After-Tax Distribution
The process of allocating income or assets to various recipients after all applicable taxes have been deducted.
Before-Tax Distribution
The allocation of income or wealth in a society before the effects of taxes are taken into account.
Progressive Income Tax
A tax system in which the rate of taxation increases as the taxable amount or income increases, making it more proportionately burdensome for wealthier individuals.
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