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A mother confesses that she sometimes feels relieved and happy at how well she has been able to cope since her husband died. The daughter should assume that this means that her mom:
Tax System
The structured way in which taxes are imposed in a country, including the collection of taxes from individuals and businesses.
Progressive
Referring to a tax system in which the tax rate increases as the taxable amount increases, leading to higher earners paying a higher percentage of their income in taxes.
Regressive
A term often used to describe a tax system where the tax rate decreases as the taxable amount increases, effectively placing a greater burden on those with lower incomes.
Benefits-Received Principle
An approach to funding public goods and services where payments are made by those who benefit from them, matching payment to benefit received.
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