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Initiation, elongation, and termination are three stages in
Personal Income Taxes
Taxes levied on individuals or households based on the income they earn within a given year.
Subsidies
Financial support granted by the government or a public body to help an industry or business keep the prices of a commodity or service low.
Automobile Purchases
The action or activity of buying vehicles intended for personal or commercial use on roads.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the percentage of additional income that is paid in taxes.
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