Examlex
What is the margin of safety in dollars?
Tax Rate Structure
The framework defining how different levels of income are taxed at various rates, often progressive, where higher income incurs higher tax rates.
Progressive
A tax system in which the tax rate increases as the taxable amount increases, placing a larger burden on those who have higher incomes.
Proportional
A tax system where the tax rate remains constant as the taxable amount increases.
Regressive
A tax system where the tax rate decreases as the taxable amount increases, leading to lower-income individuals bearing a proportionally higher tax burden.
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