Examlex
t and b quarks are named
Federal Tax
A tax levied by the federal government on income, corporate profits, and other aspects of the financial activity within a country.
Cigarettes
are small cylinders of finely cut tobacco leaves rolled in thin paper for smoking, often containing chemical additives.
Indirect and Regressive
Pertaining to taxes that are the same rate for all, regardless of income, often resulting in a higher tax burden on lower-income individuals compared to higher-income ones.
Fiscal Year
A one-year period that companies and governments use for financial reporting and budgeting, which does not necessarily align with the calendar year.
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