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New Spain

question 24

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New Spain


Definitions:

Federal Government Tax Revenue

The income collected by the federal government from taxes, which funds national expenditures such as defense, social services, and infrastructure.

Personal Income Taxes

Taxes levied on the income of individuals or families by the government.

Social Insurance Taxes

Taxes collected to fund public insurance programs, such as retirement pensions, unemployment benefits, and health insurance schemes.

State and Local Governments

State and local governments refer to the administrative bodies governing regions below the national level, responsible for local laws, education, transportation, and more.

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