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Given the following two reactions at 298 K and 1 atm, which of the statements is true?
Property Tax
Taxes levied by governments on property owners based on the value of their property, including land and buildings.
Regressive
Pertaining to a tax system where the tax rate decreases as the taxable amount increases, leading to a higher tax burden on lower-income earners.
Government Expenditures
The total amount spent by the government on goods, services, and public projects.
Net Taxes
The difference between total taxes paid and government transfers received, representing the actual tax burden on an individual or business.
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