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Explain how changes in taxation can have an impact on an individual's spending and saving choices. a. Define progressive, regressive, and proportional taxes. b. Explain

Explain how changes in taxation can have an impact on an individual's spending and saving choices. a. Define progressive, regressive, and proportional taxes. b. Explain how an increase in sales tax affects different income groups. c. Explain the impact of property taxes on individuals and communities.

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