Examlex
Discuss the three major provisions of the Fair Labor Standards Act (FLSA).
Digressive
Relating to or denoting a method that reduces in pace or intensity over time or steps, often used in taxation to describe tax rates that increase less proportionally with the amount subject to tax.
Regressive
Pertaining to a tax system where the tax rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.
Federal Revenue
The income received by the federal government from various sources like taxes, fees, and investments.
Personal Income
The total amount of income received by an individual from all sources before any taxes or deductions.
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