Examlex
Strictly speaking, the question of the meaning of life is purely theoretical, and there is no connection between your vision of the meaning of life and the life you will actually lead.
Progressive
A tax system in which the tax rate increases as the taxable amount increases, placing a larger burden on those who have higher incomes.
Proportional
A tax system where the tax rate remains constant as the taxable amount increases.
Regressive
A tax system where the tax rate decreases as the taxable amount increases, leading to lower-income individuals bearing a proportionally higher tax burden.
Internal Revenue Code
The comprehensive set of tax laws in the United States, enforced by the Internal Revenue Service (IRS).
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