Examlex
Can a prototype become an operational system in a self-sourcing environment?
Tax Incidence
The distribution of tax burden among taxpayers; who ultimately pays the tax.
Marginal Tax Rate
The percentage of each additional dollar of income that goes to the tax.
Regressive
A term used to describe a tax system in which the tax rate decreases as the taxpayer's income increases, placing a larger burden on lower-income earners.
Ability-to-Pay Principle
A taxation principle that argues taxes should be levied according to an individual's or entity's capability to bear the tax burden.
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