A "Flat Tax" Is Another Term for a Regressive Tax

question 88

True/False

A "flat tax" is another term for a regressive tax.

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Definitions:

Trust Fund

A trust fund is a legal arrangement in which assets are held by a trustee for the benefit of another party, often used for estate planning or to manage assets for individuals or charities.

Demonstrative Legacy

A bequest in a will that specifies a particular asset or monetary source to fund the gift.

Probate

The legal process of administering a deceased person's estate, including the resolution of any claims and the distribution of assets under a will.