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PER UNIT TAX: A tax that is specified as a fixed amount for each unit of a good sold. Federal excise taxes on gasoline and cigarettes fall into this per unit tax category.
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MARGINAL PRODUCT The change in the quantity of total product resulting from a unit change in a variable input, keeping all other inputs unchanged. Marginal product, usually abbreviated MP, is found by dividing the change in total product by the change in the variable input. Marginal product, which occasionally goes by the alias marginal physical product (MPP), is one of two measures derived from total product. The other is average product.
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Only 1% of the U.S. population paid income taxes when the income tax was established in 1914.
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"Difficulties mastered are opportunities won. " -- Winston Churchill, Statesman
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CPI-W
Consumer Price Index-Urban Wage Earners and Clerical Workers
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