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10 cards from this deck
Proportion of income paid in tax rises as income increases
Proportion of income paid in tax falls as income increases
Cannot be shifted to someone else (e.g. income tax, corp tax)
Can be shifted to someone else (e.g. VAT, excise duties)
Spending on new infrastructure (hospitals, schools, transport)
Do not directly contribute to national output
Pensions rise by highest: wage increases, CPI inflation, or 2.5%
Automatically responds to economic conditions (e.g. unemployment)
20%
Marginal tax rate exceeds the average tax rate
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