Examlex
Source 14.2 illustrates the European consumption of chocolate,which originated in the Americas.What other ingredients from the Americas and Asia did Europeans add to chocolate?
Regressive Taxation
A tax system where the tax rate decreases as the taxable amount increases, meaning lower-income individuals pay a higher percentage of their income compared to higher-income earners.
Tax Incidence
The distribution of tax burden among taxpayers; who ultimately pays the tax.
Marginal Tax Rate
The percentage of each additional dollar of income that goes to the tax.
Regressive
A term used to describe a tax system in which the tax rate decreases as the taxpayer's income increases, placing a larger burden on lower-income earners.
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