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Wolff's law is concerned with .
Progressive
relates to a taxation system where the tax rate increases as the taxable base amount increases, often aimed at redistributing income to achieve a more equitable society.
Corporate Income Tax
A tax imposed on the net income of corporations, calculated on the basis of the business's profit, contributing to government revenues.
Defense Spending
Expenditures by a government on military and defense-related activities to maintain national security.
Federal Budget Deficit
The financial situation where the government's expenditures exceed its revenues, resulting in the need to borrow money to cover the shortfall.
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