Examlex
A closed-end investment company that invests in various types of real estate and mortgages is a
Payroll Tax
Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay to their staff.
State Tax Revenue
Funds collected by state governments through various forms of taxation, such as income tax, sales tax, and property tax, to finance public services.
Tax Reform Act
Legislation aimed at revising and simplifying the tax code, often including changes to tax rates, deductions, and credits.
Kemp-Roth Tax Cut
A significant federal tax reduction in the US that was passed in 1981, aimed at encouraging economic growth by reducing individual income tax rates.
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