Examlex
The union of two events is all outcomes in either or both, while the intersection is only those events in both.
Flat Tax
A tax system with a constant marginal rate, usually applied to individual or corporate income, where everyone pays the same percentage regardless of income level.
Income Taxes
Taxes levied by government on individuals' or corporations' income, where the tax rates can vary depending on the income level.
Wages
Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.
Proportional Tax
A tax that is the same percentage of the tax base regardless of the taxpayer’s income or wealth.
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