Examlex
By 1850, all of the following were true about developments in organized religion in America EXCEPT
Consumption Tax
A tax on the spending on goods and services, often levied as a sales tax, value-added tax (VAT), or goods and services tax (GST).
Saving
entails setting aside a portion of current income for future use, either by keeping the money in cash or placing it in some form of investment.
Tax-Advantaged
Refers to investments or accounts that are given preferential tax treatment, aiming to encourage saving and investment, often with benefits like deductions, credits, or exemptions.
IRA
An Individual Retirement Account, a savings plan that allows individuals to set aside money for retirement while offering tax advantages.
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