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Jordan Mcsears
on Nov 26, 2024

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Sales taxes are proportional in relation to income because the same tax rate applies regardless of the size of a purchase.

Proportional

In economics, proportional refers to a relationship or distribution that remains the same in proportion or rate, such as a tax that takes the same percentage from all income earners.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or profits.

  • Acquire knowledge of the essential principles and diverse forms of taxation.
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Manpreet singhNov 29, 2024
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