Examlex
Deep processing of verbal information involves encoding the ________ of words.
Saving Rate
The proportion of disposable income that is saved rather than spent by households.
Tax Base
The total amount of assets or income that can be taxed by a governing authority, forming the essential revenue source.
Progressive Income Tax
A tax system where the tax rate increases as the taxable amount increases, placing a higher tax burden on high-income earners.
Ability-to-Pay Principle
A tax principle suggesting that taxes should be levied according to an individual or entity's capacity to pay, generally implying that those with higher incomes should pay more tax.
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