Examlex
Lower marginal tax rates for welfare programs will reduce the number of people on welfare.
Income Effect
The alteration in the income of an individual or an economy and its impact on the demand for a specific good or service.
Private Saving
Private saving is the portion of household income that is not consumed or paid in taxes, but instead is saved or invested.
Corporate Tax Rates
The percentages of corporate profits that businesses must pay to the government as taxes.
Means-tested
Pertaining to government programs that require individuals to meet certain income or asset criteria to qualify for benefits.
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