Examlex
When a corporation forgoes paying a dividend to expand its business, it is engaging in
Government Transfer Expenditure
Government spending on programs that provide benefits to individuals or families without requiring direct payment or labor in return, such as social security or unemployment benefits.
Social Security Program
A government program designed to provide financial support to individuals during retirement, disability, or other conditions that affect income.
Progressive Income Tax
A taxing mechanism in which the tax rate increases as the taxable amount of income increases, taxing higher incomes at higher rates.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), expressed as a percentage.
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