Examlex
According to utilitarianism,an action that affects the majority adversely is morally wrong.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the percentage of an additional dollar of earnings that will be paid in tax.
Average Tax Rate
The average tax rate is the portion of total income that is paid as taxes, calculated by dividing the total taxes paid by the total income.
State Tax Revenue
The income that a state government receives from taxation of individuals and businesses within its jurisdiction.
Federal Spending
Federal spending refers to the government's expenditure on goods, services, and public projects, financed by taxes and borrowing.
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