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Generally, the relationship between control and impact is such that:
Taxable Incomes
The portion of an individual's or corporation's income used to determine how much tax is owed to the government.
Tax Bracket
A range of incomes taxed at a given rate, used in a progressive tax system to ensure fairness.
Taxable Income
The amount of an individual's or a corporation's income used to determine how much tax they owe to the government in a given tax year.
Deductions
Amounts that are subtracted from income before it is subjected to taxation, decreasing the total taxable income amount.
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