Examlex
Psychological traits such as intelligence and shyness are biologically transmitted from generation to generation with little environmental influence.
Tax Deductions
Expenses that can be subtracted from gross income to reduce the amount of income that is subject to income tax.
Double Taxation
A taxation principle where income taxes are paid twice on the same source of earned income, property, or financial asset.
Saving Rate
The proportion of disposable income that is saved rather than spent by households.
Tax Base
The total amount of assets or income that can be taxed by a governing authority, forming the essential revenue source.
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