Examlex
In the lever where the biceps brachii flexes the elbow,what is the effort?
Income
Financial gains, usually received at consistent intervals, from employment or investing.
Benefits Principle
A taxation theory suggesting that people should be taxed based on the benefits they receive from government services.
Progressive Tax
A tax system in which the tax rate increases as the taxable base amount increases, resulting in higher income individuals paying a larger percentage of their income in taxes compared to lower-income individuals.
Vertical Equity
A concept in taxation that argues taxpayers with a greater ability to pay taxes should pay more, compared to those with a lesser ability to pay.
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