Examlex
Which of the following statements correctly identifies a difference between cocaine and methamphetamine?
Regressive Tax
A tax system that takes a smaller percentage of income from individuals as their income increases, often considered less fair to lower-income earners.
Payroll Taxes
Financial obligations required from both employers and employees, pegged to a fraction of the payroll expenses incurred by employers.
Federal Tax Revenues
The income received by the federal government from taxes and other sources used to fund public expenditures.
Excise Tax
An excise tax is a specific tax levied on the sale of certain goods and services, such as alcohol, tobacco, and fuel, usually with the aim of discouraging their use or raising government revenue.
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