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Validation studies can be costly and time consuming.An alternative approach is to
Marginal Tax Rates
The rate of tax applied to the last dollar of income, which varies depending on income level and tax bracket.
Tax Revenue
The income that a government receives from taxation of individuals and businesses.
Rational Expectationists
Economists advocate the view that people base their choices on logical thinking, accessible data, and historical experiences.
Government Policy
A course of action or a series of actions taken by a government to address a particular issue, problem, or need in society.
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